Chinese Online Retailer FastTech to Close Due to Vaping Regulations
Legendary Chinese online retailer FastTech is set to close after a decade of serving budget e-cigarette users around the world.
On December 5, the company announced its decision to close on its customer forum. The company stated that the decision was primarily due to new legislation in the e-cigarette industry. "New measures and restrictions have made the path forward more uncertain, which has also led us to no longer be able to maintain competitiveness in terms of price and delivery. We did our best to avoid this step. However, under current industry regulations, we were forced to close.
We would like to take this opportunity to thank each and every one of you for being our loyal customers over the past decade. It has been a pleasure to serve you. Without you, we would not have been able to sustain this business for so long. It is your patronage and support that have contributed to FastTech's successful ten years.
As of December 7th, the company's website appears to be functioning properly, but almost all e-cigarette products are marked as "sold out". FastTech has not yet specified the final date for placing orders, but it seems to have been completed at this time.
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