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Titans of Vaping – The Vaping Industry is Making More Billionaires

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The growing global popularity of vaping helped China mint many billionaires from the vaping device industry.

Shares in Smoore International Holdings as of January 29, 2021, are at HK$75.76 more than six times their IPO price of HK$12.40. That leaves Smoore’s valuation at nearly $57 billion USD while the CEO of the company is now worth a whopping $19.7 billion USD, not to mention Smoore’s co-founder Xiong Shaoming is also a billionaire.[1]

China’s largest e-cigarette company debuted in the US stock market last month, turning founder Wang Ying going by the name Kate Wang, into an overnight billionaire. Just after the debut, Chinese media reported that the young billionaire now boasted an estimated net worth of US$24.8 billion determined by the current stock price. RELX opened its shares at US$22.34, almost twice their initial offering IPO of US$12 per share.[2]

These 2 companies are the backbones of the device vaping market in China as well as around the world and are interdependent with one and another. Indeed, considerably the Titans of Vaping. SMOORE is believed to be the world’s largest manufacturer of vaping devices owning several popular brand names such as VAPORESSO (with which HiLIQ has been partnering for years) and FEELM and manufacturing for RELX and supplying components or OEM services to companies like Japan Tobacco, British American Tobacco, and NJOY.[3]

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HiLIQ, being one of the world’s leading manufacturers and suppliers of nicotine solutions is actively working to develop and expand technologically and scientifically to continuously provide its partners and consumers a better alternative to smoking. Among its popular offerings are professional cut Nicotine solutions, Cooling agent and  Flavors concentrates, as well as it very own, NicoBacco.

HILIQ is committed to assist, support and work hand-in-hand with Chinese vaping device manufacturers as well as Global e-liquids manufacturers to get access to the best raw materials possible for safe and dedicated uses in the Vaping arena.

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Sources:

[1] https://www.forbes.com/profile/chen-zhiping/?sh=48115f7a73c2

[2] https://www.scmp.com/magazines/style/news-trends/article/3119727/who-millennial-billionaire-wang-ying-rlx-technology-ceo

[3] https://www.vapingpost.com/2020/11/10/smoore-international-ceo-is-chinas-first-vaping-billionaire/

 

Contributor:

Marc Li
Account Manager
Southern Europe

 

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We will be bringing to you more up-to-date news from our industry and together, let’s keep contributing to create a world with fewer deaths and less smoking, but with great relief and more vaping.

CHINA-AUSTRALIA FREE TRADE AGREEMENT SEALED

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Last 17th of June 2015, the groundbreaking China-Australia Free Trade Agreement also known as ChAFTA was finally signed in Canberra by Australia’s Trade and Investment Minister Andrew Robb and China’s Commerce Minister Gao Hucheng.

This is a another FTA sealed as the months-old FTA in Korea and Japan are doing well in terms of the number of export records they obtained as compared to last year.

This is a monumental event as it will open more opportunities to both countries especially for Australia since majority of its export market in terms of goods and services are coming from China.

Australia’s Trade and investment with China accounts nearly third of its total exports and continues to be a growing source of foreign investment.

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Read the complete article: Landmark China-Australia Free Trade Agreement

On full implementation, ChAFTA is expected to cover 95% of Exported Australian goods to be tariff-free. Australian businesses and households can expect cheaper priced goods from China starting from home furniture, car engines, clothing and electronics, among others.

In the Electronic cigarette and liquid market, while it is not specified on whether the ChAFTA will provide better opportunities to Vapers and the businesses behind it, Australia continues to be a big market to the Vaping industry. In HiLIQ experience alone, sending E-liquid products to Australia has never been an issue.

The sales of nicotine based e-cigarettes are prohibited by Australian Federal Laws. Shops in Australia may only sell ecig with no-nicotine. While the retail sale of Electronic cigarette is illegal, federally, consumers can purchase nicotine-based E-cigarettes/ liquids for their own personal use as long as it is from international online vendors like HiLIQ. Under the Therapeutic Goods Personal Importation Scheme — a consumer is allowed to import up to 3 months supply per delivery and no more than 15 months supply imported over a 12-month period. There will be no GST (Goods and Services Tax) Fee once the order is placed over international supplier and under $1,000 purchase threshold. So, if not all, most of our Australian customers enjoy tax and duty free package delivery with door to door service.

*Check your most recent state laws governing the purchase of E-cigs with nicotine content from international sources as it varies per state and from time to time.

You may wanna read more: Importation Rules Per Country That You Must Know

HiLIQ continuous to be a dependable supplier of Electronic Cigarette Juices solutions to Australia even before the ChAFTA became a done deal. With this historic move of the two countries, it will unlock substantial benefits we will enjoy in the future.

HiLIQ will persistently commit to a 100% customer satisfaction thru product quality, pricing, service and international export delivery.

Photo credit to: Australia Government DFAT website

IMPORTATION RULES PER COUNTRY THAT YOU MUST KNOW

Importation rules vary from country to country as the legal status of E-cigarette and E-liquids are currently pending in many countries worldwide due to several reasons that we may or may not agree. However, it is good to note that Vaping is still active and growing amidst on-going government approval, long-standing debates and general public scrutiny.

While buying on local stores can help avoid delivery and customs issues, oversea-online-shopping can also be a total convenience once done correctly with the right brand and information.

HiLIQ, as direct supplier brand delivering to over 160 countries worldwide has collected information of the legal status and importation rules per special country that one should keep in mind before buying.

In order for our clients to exactly know our current abilities in delivering to these special countries, we share our current experience as classified below:

Broad Experience                           Moderate Experience                        Limited Experience

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United States: Broad Experience

Regulation profiles vary per state. The sell, use and advertisement of Electronic cigarettes are federally permitted but individual states have had their own restrictions. As of July 2014, 44 states had planned or enacted 74 regulations addressing e-cigarettes, electronic smoking devices, or vapor products.

While all this remain confusing to US buyers, HiLIQ still consider US as one of the biggest market to import E-liquids overseas and speaking on behalf of our experience, US buyers can still products from us without problem.

Canada: Broad Experience

Unlike US, Canada seem to have a firm stand on E-cigarettes and E-liquid as it posed a strict ban on it on importation. Canadian Customs and Health Canada officials has the right to confiscate all e-liquids (Nicotine and non-nicotine) being imported over their border.

In general, the use of E-cigarette and E-liquid in CA is legal but importation takes a hard time. If you want supplies, the local store will be your best way. On the other hand, if you are really considering an oversea-import, HiLIQ has extensive and broad experience.

Europe: Broad Experience

European countries are very particular with declaration of ingredients in bottles, warning labels and general packaging of the product. The European Parliament approved last February of 2014 regulations for tobacco products which Electronic cigarettes are including as classified. The new regulation includes forbidding of E-cig advertisement, limiting nicotine concentration, limiting of liquid bottle volume to be sold and requiring child-proof and tamper proof bottles package among others. Cross-border distance sales will not be banned at EU-level, but individual Member States may choose to ban such sales. So far, HiLIQ is able to deliver to EU union as the import, sale and use is permitted in general. Let’s see how each country in EU status.

Austria: Moderate Experience — Catridges / E-liquids with Nicotine containing cartriges are considered as medicinal products and E-cigarettes are classified as a medical device.
Bulgaria: Moderate Experience: Sale and Use of E-cig is legal as well as the sale of liquids with nicotine. No Specific Regulation from Europe.
Czech Republic: Moderate Experience — Use is legal but sale is regulated the same way with conventional smokes. Online sale is said to be illegal due to impossibility to confirm buyers’ age but this rule is not imposed strictly and many E-shops has been around.
Denmark: Broad Experience — E-liquid with Nicotine is considered Medicinal Products. Authorization is required.
Estonia: Limited Experience — Previously had E-cig ban by the Estonian State Agency of Medicines but was overturned in court on 7 March 2013.Now. Only low nicotine is allowed.
Finland: Broad Experience — No E-cig/E-liq adverstisement but non-nicotine E-liquid can still be sold. Importation overseas is allowed for 3 months supply.
France: Broad Experience — Use and Importation is allowed. Nicotine levels should be low or 0. 20mg/ml and higher need medical advice or special permit.
Germany: Broad Experience — the sale and use of electronic cigarettes are legal.
Hungary: Moderate Experience — Sale and use of electronic cigarettes are legal but liquids with nicotine is illegal.
Ireland: Broad Experience — Sale and use of electronic cigarettes are legal.
Italy: Broad Experience — Import and use is legal but strictly for adult use only.
Latvia: Limited Experience — E-cigarettes and E-liquids are legal.
Lithuania: Limited Experience — E-cigarettes and E-liquids are legal.
Netherlands: Moderate Experience — Use and sale of electronic cigarettes is allowed, advertising is restricted.
Norway: Moderate Experience — Sale and use of electronic cigarettes are legal, but E-liquid nicotine should be only purchase in EEA member states like UK.
In Poland: Moderate Experience — the sale and use of electronic cigarettes are legal.
In Portugal: Moderate Experience — E-liquid with nicotine it is restricted, without nicotine it is not regulated.
In Romania: Moderate Experience — Use of electronic cigarettes are legal however it is a courtesy rule not to sell it to minors.
Switzerland: Broad Experience — Non-nicotine E-liquid is legal. Importation is allowed and as of December 2011, the tobacco tax does not apply to e-cigarettes and respective liquids containing nicotine.
Turkey: Moderate Experience — E-cigs and E-liquids are legal but is supervised. Can’t be sold to minors and prohibited to use indoors.
United Kingdom: Broad Experience — Use, sale and advertising of electronic cigarettes and e-liquids are legal and is covered by smoking bans. Strictly for adult use only.

Australia: Broad Experience

The sales of nicotine based e-cigarettes are prohibited by Australian Federal Laws. Shops in Australia may only sell ecig with no-nicotine. While the retail sale of E-cig is illegal, federally, consumers can purchase nicotine-based E-cigarettes/ liquids for their own personal use as long as it is from international online vendors like HiLIQ. Under the Therapeutic Goods Personal Importation Sheme — a consumer is allowed to import up to 3 months supply per delivery and no more than 15 months supply imported over a 12-month period. There will be no GST (Goods and Services Tax) Fee once the order is placed over international supplier and under $1000 purchase threshold. So, if not all, most of our Australian customers enjoy tax and duty free package delivery with door to door service.

*Check your most recent state laws governing the purchase of E-cigs with nicotine content from international sources as it varies per state and from time to time.

New Zealand: Broad Experience — Unlike in Australia, the nearby county, New Zealand got their E-cigarette and E-liquids regulated. E-liquids with Nicotine are considered medicinal products while E-cigarette is considered as medical device

ASIA: Broad Experience
In general, Asia is starting to follow US and EU standard and rules. E-cigarette and E-liquid are mostly accepted and is only dedicated for adult use but individual countries in Asia has set their own restrictions on sale, use, advertisement and importation.

Korea: Broad Experience — The sale and use and importation of non-nicotine e-liquids are allowed but there is corresponding tax when nicotine is imported.
Japan: Broad Experience — The sale, use and import is allowed.
Thailand: Broad Experience — The sales and use is regulated. Import on E-liquids with nicotine is upon discretion of customs and may pay tax.
Malaysia: Broad Experience — The sales and use is regulated. Import on E-liquids with nicotine is upon discretion of customs and may pay tax.

There are other countries which we deliver to, thus this document needs continuous update. Place new information and rules relative to this in the comment section below and together, let’s build a closer and more possible vaping community for everybody.