- A week after banning online sales of e-cigarettes, China outlined plans to prohibit vaping in public places to stem a "distinct increase" in activity among teenagers.
- The stance would put China squarely with countries that have outlawed e-cigarettes outright, including India, Brazil and Singapore.
- Already the world's largest tobacco market, China's e-cig market size rose from $451M in 2016 to $718M in 2018, according to estimates from L.E.K. Consulting.
- Related stocks: Altria (NYSE:MO), Philip Morris (NYSE:PM), British American Tobacco (NYSE:BTI), Vector Group (NYSE:VGR), Imperial Brands (OTCQX:IMBBY) and privately-owned Juul (JUUL).