Photo courtesy of Magma.
Startup of the Week
Venture Capital Startups Asia

Cool Melon, Mung Bean Flavors Power Vaping Startup’s China Push

Photo: Photo courtesy of Magma.

Modern vaping was invented in China, and about 90% of the electronic cigarettes sold in the world are made there. But the country is currently home to only about two million e-cigarette users. That’s a situation former cigarette accessory industry executive Michael Gao wants to turn to his advantage with his vaping startup, Moti Technology.

Moti, founded in 2019 after restructuring earlier companies and with dual headquarters in Las Vegas and Shenzhen, makes and sells vaping pens and cartridges of flavored nicotine in China under the brand name Moti and launched its first products in January. Since then, it has grown quickly to become one of the biggest firms focused on China’s hotly competitive vaping market, where hundreds of companies jostle for customers and funding. 

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Exclusive Entertainment
WarnerMedia Considering CNN Streaming Service
WarnerMedia Considering CNN Streaming Service
AT&T’s WarnerMedia, long a giant in cable TV, was a late arrival to streaming video. Under its new CEO, Jason Kilar, Warner is trying to make up for lost time. Warner executives are discussing launching two new streaming services. One would be a subscription offering based on content from CNN and could launch next year. Another would be a free service carrying programming from its...
Latest Briefs
 
DoorDash Valued at $29.4 Billion After Raising IPO Pricing Range
EU Set to Approve Google’s $2.1 Billion Acquisition of Fitbit
China Claims Major Breakthrough in Quantum Computing
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
What We Learned From The Information’s List of the 50 Most Promising Startups
TI 50 Startups
What We Learned From The Information’s List of the 50 Most Promising Startups
If you’ve wondered what startups could become the Google, Microsoft or Salesforce of the 2020s or ’30s, see our inaugural list of the 50 most promising tech startups that probably aren’t yet on your radar screen.
Uber’s Image Maker Emerges as Key Power Player
Exclusive Uber/Lyft
Uber’s Image Maker Emerges as Key Power Player
Minutes after Dara Khosrowshahi learned from a news report that he would be the next CEO of Uber, his phone rang.
The Underside of Silicon Valley’s Co-Founder Mantra
Opinion Venture Capital Startups
The Underside of Silicon Valley’s Co-Founder Mantra
It was both maddening and somehow unsurprising to see that only 2.1% of VC dollars so far this year have gone to all-female teams.
SPAC Merger Class of 2020 Is Trading Better Than 2019
Markets
SPAC Merger Class of 2020 Is Trading Better Than 2019
Special purpose acquisition companies are the hottest investment phenomenon of the year. But they’re not a surefire way to make money, as many lose value after they merge with operating businesses.
Many Gen Zers Loathe Amazon—but Can’t Quit It
E-commerce COVID-19
Many Gen Zers Loathe Amazon—but Can’t Quit It
Like most of her friends, Isobel Tollenaar isn’t a fan of Amazon. “I definitely find it to be an uncomfortably powerful and gross company,” said Tollenaar, 23, who graduated from college just last year and currently works at a nonprofit in the Chicago area.
Salesforce’s Bret Taylor: Company Didn’t Overpay for Slack
Q&A Startups Microsoft
Salesforce’s Bret Taylor: Company Didn’t Overpay for Slack
Salesforce didn’t overpay for Slack, the business messaging company it agreed to acquire on Tuesday for nearly $28 billion, Bret Taylor , Salesforce’s president and chief product officer said.