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Markets

In first Chinese IPO of Biden era, RLX rockets to 146% gain in US

Meanwhile, TikTok rival Kuaishou seeks bigger Hong Kong listing

RLX Technology, China's largest producer of vaping devices, sells products under the RELX brand.   © Reuters

NEW YORK/HONG KONG -- Chinese vaping company RLX Technology more than doubled its value on its New York trading debut Friday, a sign of investor confidence despite uncertainty on whether new U.S. President Joe Biden will continue his predecessor's push for financial decoupling.

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