Globalization Strategy Fires Up Vaping leader RLX
Q3 revenue rose 49% year-over-year to ¥1.13B, driven by acquisitions. Over 70% of revenue now comes from international markets. Gross margin improved by four percentage points to 31.2%; net income +22%. Declared $0.10 ADS dividend and executed $300M buybacks, returning >$500M to shareholders.
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