China's E-Cigarette Giant RLX Shares Crash Nearly 40% over T…

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BEIJING, March 11 (TMTPOST)— The U.S.-listed shares of RLX Technology Inc crashed as China is tightening up regulation on the booming vaping industry. RLX’s American depository receipts (ADPs) slumped as much as 43% in Friday’s morning trading and settled more than 36% lower to the lowest close since the biggest branded electronic cigarette company in China went public in January, 2021.Source: Visua