Media Updates, page-11704

very informative article. I learned more from it than from a2 management in the last couple of years.
in March company lost its biggest customer in the biggest market and kept quiet about it, so much about continuous disclosure. At the same time citi and co. start issuing downgrades base on china worries and sp went down. Coincidence? Don’t think so. Obviously those crooks knew it but small investors were kept in the dark.
On another hand it is good that mr.Zhang has left. It is quite clear he had too much influence on distribution and pricing policies in china for too long. Seems now DB is taking full control of that.
As for daigou it was pointed out by DB “that daigou channel still plays a critical role in new user acquisition and brand development” as it should. The difference however company will be calling the shots in this area rather than mr.Zhang