A three-year-old e-cigarette company from China went public on the New York Stock Exchange last month. It’s already worth $35 billion.
Founder and CEO Kate Wang speaking at a dinner to honor RELX employees in 2019. She worked at Bain & Company, Uber, and Didi Chuxing before branching out into the e-cigarette market. Credit: RELX
RELX Technology was founded in 2018 to tap into a smoking-hot business possibility in China: e-cigarettes. Last month, after becoming the most popular branded e-cigarette company in China in just three years, the company raised $1.4 billion in an initial public offering on the New York Stock Exchange.
Shares of the company jumped 86 percent on the first day of trading, giving RELX a market capitalization of more than $38 billion and making it instantly one of the world's most valuable e
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On Wednesday Xi Jinping presided over a Beijing military parade celebrating the 80th anniversary of Japan’s World War II defeat. Eighty-eight years ago his mother, Qi Xin, watched Japanese troops march into the city, at the outset of a conflict that would define her formative years and instill lessons she would later pass on to her son.
In an extract from his new book, Breakneck, Dan Wang hops on his bike to explore how China’s problems throw America’s into stark relief. How is it, he asks while biking through Guizhou, that China’s...
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