RELX Launch Overview: Face-Recognition Vending Machine and 44% Market Share

Just yesterday, RELX held a press conference where they revealed financing information, stating that their total financing amount is ten times that of the combined total of the second to tenth competitors, capturing a 44% market share. They also unveiled a face-recognition vending machine among other announcements. Here’s all the relevant information from the press conference.

Data shows that RELX holds a 44% market share, while the second to fifth competitors hold 24%, and others hold 32%.
 
Note: This data is from a third-party survey, and the occasion of the release was the RELX Lingdian press conference; other brands should read with caution.

RELX co-founder Jiang Long: RELX's total financing amount is ten times that of the combined total of the second to tenth competitors
 
On August 18, co-founder Jiang Long discussed the financing rumors at the press conference, stating that RELX currently has the highest financing amount in the industry, and if combined, it is ten times the total amount of the second to tenth competitors.

In the pre-conference video, partners from Sequoia and Source Code appeared as investors in RELX.

RELX will launch the PMTA certification plan in the U.S. in September, expecting to spend $20 million
 
On August 18, co-founder Jiang Long announced that RELX will launch the PMTA certification plan in the U.S. in September.

The PMTA process is expected to take about two years and cost approximately $20 million.

Currently, only IQOS and one Swedish company have passed the certification.

RELX announces global retail point data: over 30,000 retail points
 
On August 18, RELX announced the latest global retail point data, exceeding 30,000, with over 20,000 in China and more than 150,000 retail personnel.

RELX launches face-recognition vending machine product
 
On August 18, in addition to launching the RELX Lingdian and the RELX Me app community, RELX also introduced a face-recognition vending machine to prevent minors from purchasing products.

At the RELX press conference, a competitor's CEO was 'undercover' and was asked to leave
 
According to industry insiders who attended the press conference, the founder of a competing brand, Xuejia, Wang Sa, attended the RELX press conference under the guise of a media person but was recognized by sharp-eyed staff and was politely asked to leave the venue, with the reason being that "the company is very nervous (about you)."