Chinese e-commerce is growing rapidly while half of China is still not connected to the online world. BABA and SoftBank
own significant stakes in Baozun
which is worth less than $2bn now. In my opinion, $40 will soon be broken and this will reach new highs. Here, you could see a nice cup and handle
pattern. I expect market-wide selloff to halt starting next week which should give BZUN
a nice boost. We're also currently sitting at the .5 fib retracement level.