In the second half of 2020, qiu yiwu realized that the opportunity had come for glass water pipes amazon
He never smoked two years ago. He began to pay attention to the water pipes market. At that time, the domestic water pipes were mainly iQOS and smoking water pipes. Qiu Yiwu is still hesitant. IQOS manufactures tobacco, which we cannot do, and tobacco is a niche market, and there will not be so many in the future.
Until July last year, U.S. water pipes startup Juul received $650 million in financing from hedge funds and venture capital firm Tiger Global, worth $15 billion, becoming the sixth most valuable startup in the United States, after Uber and Airbnb. At that time, Juul occupied more than 2: 3 of the water pipes market. By the end of last year, the company was valued at 38 billion US dollars.
Joel produces small water pipes, which are easier to carry than big smoke water pipes. In the second half of last year, Qiu yiwu also started making small water pipes and became the co-founder of whale smoke.
Another shareholder of the company is Kong Jianping, co-founder of Jiannan Polygala, the world's second largest producer of digital cash mining machines. At that time, the price of Bitcoin gradually declined from its peak of nearly 20,000 US dollars, and nearly 70% of its market value was erased. There was an e- cigarette product of whale smoke at the annual meeting of Jiannan Yuanzhi that year.
For some, the emergence of whale smoke means that investment outlets are shifting from block chains to electronic cigarettes. But in fact, early water pipes had a short intersection with the block chain.
In the second half of 2017, many people engaged in the wholesale business of silicone water pipes amazon started a chain operation. "Husa (alias), China's first batch of water pipes players, told the" IT Times ".
Hu recalled that in 2017, many water pipes wholesalers
began to switch to the "pyramid selling coins" program. even a friend named "I am a clown" browsed the screen in the circle of friends every day and hung up registration links for some block chain programs. "Wholesalers have people in their hands who can attract people to make money. If they register an account, they have money to take it." If new members buy coins, they can also get a certain rebate.
Drum flowers to make money "is a dream intertwined with greed and desire. When I woke up, it was fixed on September 4, 2017. On that day, ICO was cancelled. Since then, pyramid selling of pyramid selling coins and aviation coins has become weaker and weaker. Husa's friends finally returned to their original business. Husa did not know how much money his friends had lost. For a long time, they did not mention the chain.
From 2012 to the first half of last year, it was still a kind of smoked water pipes and was very popular in the Husa circle. The bigger, the better.
Since 2015, the trend of homemade water pipesDIY has become popular, forming a sub-cultural circle. Wrap the heating wire into the volume you need, connect the base of the water pipes mist sprayer, fix the positive and negative poles, install cotton and tobacco oil, and you can design your own water pipes. "Introduction to HUSA".
In the eyes of players, the same smoke oil, under different resistances, the heating wires in different heating areas will stimulate different tastes. This is DIY fun.
Husa admitted that smoked amazon bongs and water pipes
is a niche market. In his view, smoke water pipes are "electronic products", while today's popular small water pipes (commonly known as small water pipes) are more like "commodities".
More and more friends began to try small cigarettes. Husa realized that the spring of small cigarettes was coming.
The price of nitrate smoke is rising.
This is a fast-growing industry, but it is also a market to be developed.
According to the data of the Future Industry Research Institute, China's water pipes production in 2020 exceeded 2.2 billion units, up 35% from the same period last year. However, the permeability of water pipes is less than 1%. Chinese smokers account for 1/3 of the total number of smokers in the world, but the consumption of water pipes is less than 1/10 of the global consumption.
Just like tobacco water pipes amazon
gold prospectors, entrepreneurs saw a large number of opportunities and waves pouring into the water pipes industry. According to data from the Institute of Foreign Industry Research, there are currently nearly 4,000 water pipes enterprises in China, but about 80% of them are small enterprises with a population of less than 50.