REFILE-INSIGHT-China's tobacco monopoly means big risks for e-cigarette startups

In a glass-walled laboratory, chemists puff on vaping devices as they test liquid nicotine flavors. Here at the Shenzhen offices of e-cigarette start-up RELX Technology, workers scramble to keep pace with the rush of firms vying for sales in the world’s biggest tobacco market. Founded by former employees of Didi Chuxing, China’s answer to Uber, RELX aims to become China’s answer to Juul Labs Inc, the San Francisco startup that captured a huge share of the U.S. vaping market with a sleek and addictive e-cigarette. …read more

Source:: Yahoo Finance

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