Baozun: COVID-19 Causing Delayed Order Delivery, Cancellation Peaked
Based on our check with Baozun Inc. (BZUN US) top merchandise customers, combined with Alibaba Group (BABA US) management comments during their...
367 Views
Vipshop (VIPS): Growth Up, Margin Up, and Stock Price Up 27% After Closing Out Logistics
VIPS closed out its logistics subsidiary, Pinjun Express, in November 2019. The operating margin climbed up to 10.4% in 4Q2019 versus 3.8% in...
333 Views
JD.com (JD): Record Low Margin for Direct Sales in 4Q2019, But Epidemic Will Raise Margin in 2020
JD’s gross margin of direct sales reached record low due to the competition on Singles' Day in 2019. The computer retailer, Hasee (神州), softened...
319 Views
Fresh Food E-Comm Just Soared ~60% in Two Months; JD a Primary Beneficiary
China's fresh food e-commerce DAU just soared ~60% in less than two months as consumers increasingly turned to digital solutions to avoid human...
280 Views
Alibaba's Logistics Arm CaiNiao Expands Its Role, Sidelining Express Companies in the Process
After closely tracking the growth of Alibaba's domestic retail platform and Chinese express deliveries, CaiNiao Network's revenue growth in the...
349 Views