In the wake of strengthening online regulations on vapes last year, State Tobacco Monopoly Administration recently issued The Further Announcement on Protecting Juveniles from Vapes, urging vape producers and sellers to shut down their online sale websites and apps in time.
Indicated by the data, currently, there are 23,100 vape corporations in China, and the number in Guangdong province ranks the first, with 8,344 vape companies in total. Located in Guangdong Province, Shenzhen owns 6,580 vape companies that account for 28.5% of the national total.
In 2020, the registration number of vape enterprises soars as well, with 7,372 registrations for the first three quarters, a year-on-year growth of 167%.
From 2010 to 2018, the registration number of vape enterprises rises slowly, while it tends to grow at exponential rates after 2018. In 2019, the registration number was 4,129, up by 132% over the same period of the previous year. And by November 26th 2020, China has 10,175 newly registered vape enterprises, the number of which has surpassed it in 2019.
It embodies that Chinese vape industry is still developing fast despite the strong regulation of administrations.