$RLX Technology(RLX)$ I used to be bullish on RLX but now I'm short-medium term bearish. Because of the 36% tax on e-ciggarettes that went into effect in Nov and to comply with regulatory authorities, RLX had to close alot of shops as per their last earnings report. I believe we will see a shrinkage in revenue as a whole. However I believe this might be a good long term play, > 15 years as e-ciggarettes is extremely well received by the young generation.
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still got people buy things from shops? order online ftw hehehe [财迷]