Down 28% and 42% on Tmall/Taobao, page-56

 Now Citi have put out a negative paper.Read it in The Australian.Ignore these last 3 reports at your peril.

They mentioned both A2M and BAL. Are these the same brokers who said retail sales would be weak and bet the house against JB hi Fi. They are in essence betting that the Chinese government will not get rid of the two child policy and introduce growth targets. This is a command economy while Citi is treating it as a free market.