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.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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