https://list.tmall.com/search_product.htm?spm=a220m.1000858.0.0.a...

https://list.tmall.com/search_produ...sn_1_rightnav&industryCatId=51256001#J_crumbs

Not sure what this means (I don't read Chinese), but looks like BAL is top selling formula on Tmall at the moment? Of course A2 is not far away. But A2 has been using CWH to make sales, I suppose its margin would be lower due to the middleman.

Just noticed BAL put up price today for Stage 2 and 3 from CNY179/tin to 200, which doesn't seem like what you would do if you're experiencing slow down.

BAL stage 3 was in top 10 selling products on Singles Day on Tmall, which I think is encouraging. That means BAL is gaining traction and beating Aptamil and Nutrilon which are also extremely popular, at least for Stage 3 anyway. Hopefully Stage 1 and Stage 2 will follow.

Good to see Stage 1 being sold on Tmall (again?). To me this is key because people who are buying stage 1 now will hopefully stay with BAL in future years.

I personally don't expect any info from management - why should they anyway. So the next few months will be difficult... but if you can hang on, I think it will be worth your while. But of course not many people can tolerate being in the dark for too long and that's fine too.