Picking The Top, page-400

I agree smaller daigou are going to find a new hobby, with the limits per customer and some extra tax and hassle some will drop off.

We therefore need to see direct sales in China increasing much faster to replace. Something I'm not seeing on Tmall over last 4 weeks. Still not back to pre CNY sales.

Direct sales into China is another key number that would be good if reported quarterly, because it directly counters the grey market concerns.