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BZUN - China Tech Promising Outlook; Market Disagrees
Baozun Inc.
By ALT Perspective
Last week, the Chinese tech sphere was rocked by the spreading of the U.S. dragnet which threatened to ensnare more victims beyond Huawei Technologies. While earth-shaking, the Chinese internet companies are not sitting still waiting for a resolution. This week's issue of Chinese Internet Weekly (CQQQ)(FXI) will look into the guidance by NetEase Inc. (NTES), Pinduoduo (PDD), and Ctrip.com (CTRP), released in conjunction with their Q1 2019 earnings.