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RLX - RLX Technology: Seizing Opportunities To Grow Within Three Years
RLX Technology Inc. American Depositary Shares each representing the right to receive one (1) Class A
RLX Technology relied on flexible strategies while boosting its revenues dramatically in the last three years. Most of its revenue was from the sales of smoke cartridges.
Some external factors – such as low penetration rates and shifting tastes of smoking populations – also benefited RLX Technology.
Different from other competitors, the e-vapor firm focused on diversifying its products and increasing R&D expenses.
Nevertheless, government prohibitions on the e-cigarette industry restricted RLX Technology's growth to some extent.