Rakuten reported on February 23
RLX Technology (also known as "Fog core technology"), which has been listed for one month, will appoint Lu Chao, head of citigroup's investment banking for the Asian medical and health industry, as CFO. After joining the company, Lu Chao will remain in Hong Kong.
Lu Chao will help Fog Core Technology expand the application and investment opportunities of atomization technology in the medical and health industry.
Wuxin Technology was listed on the New York Stock Exchange on January 22, 2021, raising $1.4 billion. On the first day of listing, Wuxin Technology soared by 145.92%; the market value reached 45.8 billion US dollars.
According to the prospectus, the revenue of Wuxin Technology in 2018 and 2019 was 133 million yuan and 1.549 billion yuan (about US$228 million), respectively; the revenue of Wuxin Technology in the first nine months of 2020 was 2.2 billion yuan (about US$324 million), compared with 1.139 billion yuan in the same period last year.
The net profit of Fogcore Technology in 2018 and 2019 was -287,000 yuan and 47.75 million yuan, respectively; the net profit of Fogcore Technology in the first nine months of 2020 was 109 million yuan (about $16 million), compared with a net profit of 98.05 million yuan in the same period last year.
At present, RLX Technology has launched different models of products including generation, alpha, spirit point, infinity, phantom and so on. The proceeds from the IPO will be used for research and development and scientific research, strengthening distribution and retail networks, enhancing supply chain capabilities and general corporate use.
———————————————
Founded by Veteran Media Personality Lei Jianping, Lei Di Touch Network is a signed author of headlines, if reprinted, please indicate the source.