What happened Shares of Chinese e-commerce company Baozun (NASDAQ: BZUN) imploded Friday, falling 16.8% through the closing bell. If you own shares of Baozun, you can blame Credit Suisse for that -- and also the Chinese government. Image source: Getty Images. So what In a note out this morning, Credit Suisse "double downgraded" Baozun, tumbling the stock's rating all the way from "outperform" to "underperform" (i.e. from buy to sell). Why did Credit Suisse decide to downgrade Baozun -- and so dramatically? As the analyst explains in a note covered by TheFly.com today, a Chinese boycott being organized against international apparel brands is hurting Baozun's business. Furthermore, the analyst sees "soft performance" at Alibaba's (NYSE: BABA) Tmall subsidiary, a Baozun client. As if all that weren't enough, Credit Suisse reminds investors of the threat of "continuously tightening regulation" from the Chinese government, which seems perversely intent upon strangling its own most successful tech businesses. Now what Despite what the analyst says has been strong execution from Baozun itself, with sales up nearly 33% year over year in the most recent quarter for example, all of the above adds up to a "bumpy road ahead" for Baozun and its shareholders. Based on today's selling, it looks like many of those shareholders have decided to head for the exits, and not go along for the ride. 10 stocks we like better than BaozunWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Baozun wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd. and Baozun. The Motley Fool has a disclosure policy.Source