Juul sales stop in China a few days after its launch

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Topline: While Juul fights for international expansion while facing repression in the United States, his products have been removed on two Chinese e-commerce sites a few days after the sale, without any explanation as to why or target date for a recovery in sight.

• Juul confirmed On September 12, she started selling her vape pens and capsules via Alibaba's Tmall and JD.com. A Juul vape pen and two pods of perfume cost 299 yuan, or 42 US dollars.
• According to the Wall Street newspaperAt the end of last week, Juul's products had been removed from the list of two e-commerce sites, leaving Juul "without knowing why". Newspaper also indicated that the e-commerce sites would not confirm whether the Chinese government was asking them to withdraw the products.
• There are more than 300 million smokers in China, and nearly 60% are men, according to estimates. World Health Organization. In 2018, about 2.4 trillion cigarettes were sold in the country through China National Tobacco, a state monopoly.
• "Although Juul products are not available on China's e-commerce websites, we look forward to continuing the dialogue with stakeholders to make our products available again," said spokeswoman Victoria Davis. in a statement. Juul did not answer questions about why Chinese sales were stopped or what their next steps will be.
• Shares in Altria, which has a 35% of the capital in Juul thanks to an investment of $ 1.8 billion, down 7.5% since September 12th.

What to watch for: Altria and Philip Morris revealed that they amounted to 200 billion dollars merger negotiations (after separation in 2008), global demand for cigarettes with collapsed. This deal is potentially threatened by increased regulatory efforts in the United States, with a possible ban on the Trump administration flavored electronic cigarette. If the merger will take place remains uncertain.

Key background: Expansion in Asia was a key growth strategy for Juul. Traditional tobacco manufacturers facing weak sales in countries with declining smoking rates have been successful in Asia, with tobacco regulations being more lax than in the United States and half of all smokers in the world call home. The San Francisco-based vaping giant, which has achieved a turnover of more than a billion dollars in 2018, had already entered the market in Indonesia, South Korea and the Philippines.

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Topline: While Juul pleads for international expansion while facing repression in the United States, his products were removed from two Chinese e-commerce sites just days after it went on sale, with no explanation as to why or when for a raise in sight.

• Juul confirmed on September 12 that he started selling his vape pens and capsules via Alibaba's Tmall and JD.com. A Juul vape pen and two pods of perfume cost 299 yuan, or 42 US dollars.
• According to the Wall Street newspaperAt the end of last week, Juul's products had been removed from the list of two e-commerce sites, leaving Juul "without knowing why". Newspaper also indicated that the e-commerce sites would not confirm whether the Chinese government was asking them to withdraw the products.
• According to the World Health Organization, China has more than 300 million smokers and nearly 60% of them are men. In 2018, about 2.4 trillion cigarettes were sold in the country through China National Tobacco, a state monopoly.
• "Although Juul products are not available on China's e-commerce websites, we look forward to continuing the dialogue with stakeholders to make our products available again," said spokeswoman Victoria Davis. in a statement. Juul did not answer questions about why Chinese sales were stopped or what their next steps will be.
• Altria shares, which holds a 35% stake in Juul thanks to a $ 1.8 billion investment, are down 7.5% since September 12th.

What to watch forAltria and Philip Morris have announced that they will engage in $ 200 billion merger talks (after the 2008 split) as global demand for cigarettes has declined. This deal is potentially threatened by increased regulatory efforts in the United States, with a possible ban on the Trump administration flavored electronic cigarette. Will the merger be uncertain?

Key background: Expanding in Asia was a key growth strategy for Juul. Traditional tobacco manufacturers facing weak sales in countries with declining smoking rates have been successful in Asia, with tobacco regulations being more lax than in the United States and half of all smokers in the world call home. The San Francisco-based vaping giant, which has achieved a turnover of more than a billion dollars in 2018, had already entered the market in Indonesia, South Korea and the Philippines.