Baozun is a Chinese e-commerce and social media services company operating in China. The Thesis for buying was the business Baozun was doing with American brands in China.
- After holding for 12.5 months the stock price has remained basically flat.
- US - China tensions aren't good news as far as future prospects are concerned.
- I was expecting stronger results and growth.
- Selling the position with a small gain and making room for a new investment.
- I will keep looking at China for opportunities but will currently take a 'wait and see' approach with regards to this market.
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