Saturday, July 13, 2024

2019 vape investment market may cool down – Vape industry top 10 financed enterprises list


Electronic cigarette is an electronic product which imitates traditional cigarettes. It mainly consists of electric core, atomizer and plastic parts. Recalling the development of vape industry in recent years, the whole industry has developed rapidly, and the capital is optimistic about the vape industry. Many listed companies also have a strong interest in vape. They believe that vape can compete with or even partly replace traditional tobacco, and there is a huge space for future development.

At present, the main companies engaged in electronic cigarette business in China include Xiamen Intretech, Tianchang Group, Shanghai Shunho, Shenzhen Jinjia Color Printing Group Co Ltd, Smoore and Smok, etc. 2018 is the outbreak period of the market layout of vape industry, with the entry of multi-capital such as Source code, IDG and so on. However, this year’s CCTV 315 evening party exposed that electronic cigarettes also release harmful substances, endangering the health of smokers and passive smokers, long-term of vaping will also produce dependence on nicotine. This year, CCTV’s 315 party named electronic cigarettes, which triggered industry shocks, and is expected to bring about cooling down to the electronic cigarette investment market in a certain degree.

Following are some financing data of the top 10 financed vape enterprises in recent years for Vape hk readers’reference:

Vape Industry Top 10 Financed Company

Enterprise Financed Date Financing round Amount Investor
Blue White Tech 2015.9 A 50 million yuan Juxin,Ruisheng TObacco
Laan 2017.11 A 6 million yuan Yingnuo Angel, Development Fund
Zhisheng 2017.12 Angel 30 million yuan Personal Investors
RELX 2018.6 Angel 38 million yuan Source code, IDG
Yibo 2018.7 Stratigic 70 million yuan Yihua Stock
Gippro 2018.7 Angel 10 million yuan Tong Chuang
IJOY 2018.8 A 300 million yuan Not published
Evove 2018.11 Pre-A 20 million yuan Dong Yu Capital
JUUL 2018 Public 12,8 billion dollar Altria
Moti 2018.12 Pre-A 10 million dollar Zhen Fund
EUSN 2019.2 Angel 10 million yuan Plum

top 10 financed vape enterprises


Source: New Seed, Investment, IT Orange, China Business Industry Research Institute


According to the list, Juul is the richest vape company in the world. Though RELX’s leader is good at marketing, Moti has a greater potential to do something big. However, there are always some invisible kings that don’t need financing at all in vape field like ALD Silmo, Feelm, Aspire, Yihi, ect. like the famous smartphone producer, Huawei, they are the true dominator of the market.

vape-shop-cartoon-guests-1024x761 (1)

For more information, please refer to the Research Report on the Market Prospects and Investment Opportunities of China’s Electronic Cigarettes from 2019 to 2024 issued by the China Business Industry Research Institute. At the same time, the China Business Industry Research Institute also provides industrial data, industrial planning, industrial park planning, industrial investment attraction and other solutions.


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Nethan Paul
Nethan Paul
4 years ago

Thanks for sharing such valuable content. The content is very scientific and I have got lots of information on vape based products. Before reading this blog I didn’t have any idea that vaping can be used to quit smoking habit. I am a user of vitamin B12 healthy vape pen and so far very satisfied to use it.

4 years ago
Reply to  Nethan Paul

Thanks for commenting, good vape shop, well done

Kate Brownell
3 years ago

Thanks for your article. Vaping business is gradually increasing as this is a good alternative to cigarettes. In Australia, vape based products are popular among young generations and non-nicotine vapes are available in online vapor stores in Australia. I am using the vape product because of the content of the flavours present in the e-liquid. It helps me to quit the smoking habit as well.

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