T. H. Data Flash – Baozun – August & 3Q18E: Continued Addition of Brand Partners; But No One Can Be Insulated from China’s Macro Slowdown

  • T. H. Data Flash – Baozun – August & 3Q18E: Continued Addition of Brand Partners; But No One Can Be Insulated from China’s Macro Slowdown

China’s economy showed slower pace of growth, particularly in the consumer area, which triggered the central government to release a policy that aims to promote internal consumption. On the one hand, BZUN continues to gain new brand partners, and on the other hand, we believe it is starting to feel such slower pace.

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