The tobacco industry has a special place in China.In 1982, China implemented a monopoly system in the tobacco market.All tobacco materials are purchased by the China tobacco corporation (" China tobacco ") for resale to cigarette factories (which are also largely state-owned).Cigarettes produced by cigarette factories cannot be sold independently, but must be purchased by the tobacco monopoly administration and gradually distributed to small and medium-sized retailers.
Under this monopoly system, the tobacco industry has paid 1 trillion yuan in profits and taxes to the government every year since 2014, and China's tobacco is known as the "most profitable company".According to public data, China's tobacco pre-tax profit was 115,562 trillion yuan in 2018, about 16 times that of alibaba, 14 times that of tencent and three times that of apple.In the eyes of the public, tobacco is a monopoly and profiteering market glass bongs from china.
E-cigarettes are not new.Chinese pharmacist han li invented the first e-cigarette in 2003, and the following year founded the world's first e-cigarette brand, such as tobacco.Hanley old smokers think that nicotine addiction, but smoking is caused by burning, such as tar, so he invented a way to burn for nicotine, using electronic atomizer ultrasonic atomization nicotine (nicotine), the smoke produced by the atomizer and cigarettes, was the first by a battery, atomizer, and contain nicotine replacement of smoke bomb electronic cigarette products.
Since the beginning of the invention, the main product of e-cigarette is "substitute cigarette". However, the delivery efficiency of free base nicotine in the first-generation e-cigarette oil is not high, and the effect of "detoxification" is not strong, so it has not ignited the market.In the era of thick smoke, e-cigarettes, by increasing the amount of aerosolized smoke, once and for all increase nicotine consumption, which has been recognized in some markets but is still limited to minority consumption.The smoke is so high that the person sitting opposite you exhales enough smoke that you can't see his face.CAI yuedong said.
Until Juul, an American e-cigarette brand, made a breakthrough in the core technology of nicotine salts, the popular "cigarette" products exploded on the market.
Xing chenyue, the chief scientist of foggy e-cigarettes, told China newsweek that the lookah glass bongs oils containing nicotine salts taste closer to real cigarettes and are more likely to be "superior" than those previously using free, basic nicotine.Before returning home to create the fog, Mr. Xing was better known as the inventor of nicotine salt and as Mr. Juhl's first scientist.
After Mr. Uhl invented nicotine salt, Mr. Xing often used a set of data to explain the conversion rate of e-cigarettes to smokers: before nicotine salt was invented, 60 percent of smokers in the United States had tried to replace cigarettes with e-cigarettes, but only 6 percent had succeeded in converting e-cigarettes to e-cigarette users.Since the invention of nicotine salt, e-cigarette conversion rates among smokers in the United States have increased fivefold, changing the way 30 percent of smokers in the United States smoke.
With its rapid rise and breakthrough nicotine-salt technology, yul generated more than $1 billion in revenue in 2018 and quickly accounted for 75 percent of the e-cigarette market in the United States.To the market's surprise, in December 2018, Altria Group bought a 35% stake in JUULLabusInc., for $12.8 billion, valuing Juul at less than four years old, more than SpaceX and Airbnb.
As part of the deal, Juul's 1, 500 employees received bonuses worth $2 billion, while the "story of abundance" on the other side of the ocean sparked a boom in domestic market capital and entrepreneurs.In June 2018, the early entry of e-cigarette brand Yuecho announced that it had obtained a total investment of 38 million yuan from IDG and source capital, and actions in capital, product and marketing have often attracted the attention of the industry.
According to euromonitor international, China's closed jet water pipes market is growing at an average annual rate of 65 per cent, making it the most dramatic growth category for the consumer goods sector in recent years, with a market share of 44 per cent in the first half of 2019.
E-cigarettes have had a reputation for some time, and most of the first-round entrants are "Internet celebrity" entrepreneurs with their own traffic.For example, fu lu founder zhu xiaomu was once employed by Smartisan with 001 employees, while luo yonghao cheered for his platform many times.Later, CAI yuedong, who sold tong, announced that he had co-founded the e-cigarette brand Yooz grapefruit with huang taiji, founder of online celebrity catering brand, and that the LINX rhino team had gathered many media personalities.
Add: Guangdong . China