RLX’s vape business is almost dead, but executives want you to keep investing anyway

The Equity Dispatch #19

This post is a continuation of our article on RLX Technology (NYSE: RLX) from The Equity Dispatch #18. To access Part 1 of our two-part report, click here to become a paid subscriber.

RLX Hustle

When the Chinese vape company RLX Technology (RLX) raised $1.6 bln in its 2021 IPO,¹ the company told investors to be excited about a growing Chinese market. Jus…