Question · Q3 2025
Lydia Singh asked about RLX Technology's 2026 revenue outlook for the company and industry, seeking a breakdown of Q3 international organic growth and the performance of their invested European e-vapor business. Additionally, she inquired about prioritized R&D areas for sustained growth and differentiation in a maturing e-vapor industry.
Answer
Sam Tsang, Head of Capital Markets, stated that RLX Technology is committed to selective international expansion based on regulatory clarity, with detailed plans to be shared later. He highlighted steady international revenue growth in Q3, outpacing industry averages, driven by robust organic growth in Asia-Pacific. The invested European e-vapor company maintained operational stability despite regulatory challenges, with optimism for future synergies. For R&D, Mr. Tsang emphasized enhancing core user experiences, optimizing product performance, and strengthening regional market responsiveness through localized flavor portfolios, citing a breakthrough East Asia product launch.
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