RLX Global Expansion Drives 49% Q3 Revenue Growth, Shares Rally

RLX Technology Inc., a vaping leader, reported a 49% increase in revenue in Q3, driven by acquisitions in Asia and Europe. The company's gross margin improved by 4 percentage points, and revenue gains outpaced production costs. Over 70% of its revenue now comes from international markets, validating its globalization strategy. RLX declared a cash dividend of $0.10 per ADS and returned over $500 million to shareholders through share repurchases and dividends.