RELX Launch Event Recap: Facial Recognition Vending Machine Unveiled
At RELX’s launch event, the company revealed funding details, claimed 44% market share, and introduced a facial-recognition cigarette vending machine.
Yesterday, RELX held a launch event where they revealed financing information, stating that their total financing amount is ten times that of the second to tenth competitors combined, capturing 44% of the market share. They also introduced a facial recognition vending machine for tobacco products. Below are all the relevant details from the press conference.
Data shows that RELX holds 44% of the market share. The second to fifth places account for 24%, while others make up 32%.
Note: This data is from a third-party survey, and the event was the RELX Lingdian launch conference. Other brands should read with caution.
RELX co-founder Jiang Long: The total financing amount of RELX is ten times that of the second to tenth places combined.
On August 18, co-founder Jiang Long discussed the rumors of RELX's financing at the press conference, stating that RELX currently has the highest financing in the industry, and if combined, it is ten times the total amount of the second to tenth places.
In the early video of the press conference, partners from Sequoia and Source Code appeared as investors in RELX.
RELX will launch the US PMTA certification program in September, expected to cost $20 million.
On August 18, co-founder Jiang Long introduced that RELX will start the US PMTA certification program in September.
The PMTA is expected to take about two years and cost approximately $20 million.
Currently, only IQOS and one company from Sweden have passed the certification.
RELX announces global retail point data: over 30,000 retail points.
On August 18, RELX announced the latest global retail points, exceeding 30,000, with over 20,000 in China and more than 150,000 retail personnel.
RELX launches facial recognition vending machine product.
On August 18, in addition to launching the RELX Lingdian and the RELX Me app community, RELX also introduced a vending machine with facial recognition technology to prevent minors from purchasing tobacco products.
At the RELX press conference, a competitor's CEO was "disguised" and asked to leave.
According to industry insiders who attended the press conference, the founder of the competitor brand SnowPlus, Wang Sa, attended the RELX event in disguise as 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)."
Data shows that RELX holds 44% of the market share. The second to fifth places account for 24%, while others make up 32%.
Note: This data is from a third-party survey, and the event was the RELX Lingdian launch conference. Other brands should read with caution.
RELX co-founder Jiang Long: The total financing amount of RELX is ten times that of the second to tenth places combined.
On August 18, co-founder Jiang Long discussed the rumors of RELX's financing at the press conference, stating that RELX currently has the highest financing in the industry, and if combined, it is ten times the total amount of the second to tenth places.
In the early video of the press conference, partners from Sequoia and Source Code appeared as investors in RELX.
RELX will launch the US PMTA certification program in September, expected to cost $20 million.
On August 18, co-founder Jiang Long introduced that RELX will start the US PMTA certification program in September.
The PMTA is expected to take about two years and cost approximately $20 million.
Currently, only IQOS and one company from Sweden have passed the certification.
RELX announces global retail point data: over 30,000 retail points.
On August 18, RELX announced the latest global retail points, exceeding 30,000, with over 20,000 in China and more than 150,000 retail personnel.
RELX launches facial recognition vending machine product.
On August 18, in addition to launching the RELX Lingdian and the RELX Me app community, RELX also introduced a vending machine with facial recognition technology to prevent minors from purchasing tobacco products.
At the RELX press conference, a competitor's CEO was "disguised" and asked to leave.
According to industry insiders who attended the press conference, the founder of the competitor brand SnowPlus, Wang Sa, attended the RELX event in disguise as 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)."
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