Vaping, e-cigarette startups at risk from China's tobacco monopoly

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Vaping, e-cigarette startups at risk from China's tobacco monopoly

China's base of 300m smokers is five times bigger than America's market.

In a glass-walled laboratory, chemists puff on vaping devices as they test liquid nicotine flavors. Nearby, staffers with cartons of instant noodles on their desks tap away at laptops, messaging suppliers and customers. Here at the Shenzhen offices of e-cigarette start-up RELX Technology, ...

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