Juul’s sales halted in China days after launch

U.S. e-cigarette maker Juul Labs Inc said on Tuesday its products were not currently available on e-commerce web sites in China, days after it entered the world’s single-largest market for tobacco consumption with over 300 million smokers. “While JUUL products are not currently available on e-commerce Web sites in China, we look forward to continued dialogue with stakeholders so that we can make our products available again,” the company spokesperson said, without disclosing any reason for the halt of sales. Juul, in which tobacco giant Altria group owns a 35% stake, is facing a regulatory crackdown and increased government scrutiny in the domestic market.

source https://finance.yahoo.com/news/juuls-sales-halted-china-days-164648936.html?.tsrc=rss

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