RLX

RLX Technology Inc. (NYSE:RLX) is a Chinese e-cigarette manufacturer founded in 2018 and headquartered in Beijing. The company went public on the New York Stock Exchange in January 2021, shortly before China implemented comprehensive e-vapor regulations that significantly impacted the domestic market. RLX has pivoted from being primarily a China-focused business to pursuing international expansion, with overseas markets now accounting for over 50% of its revenue. The company operates under the RELX brand and has established itself as a leading player in the closed-system e-vapor category across multiple Asian markets.