Better Life Commercial Chain Share Co., Ltd's weak business performance is reflected in its continually dropping revenue and share price. With it underperforming previously, indicated by 3 warnings, potential for a turnaround still intrigues contrarian investors.

Since last October, Tencent and its affiliates have offloaded shares in a large number of companies including Malaysian landscaping firm HLA Group, Chinese e-commerce giant JD.com, Singaporean online gaming and e-commerce company Sea, Chinese retailer Better Life Commercial Chain Share and Hangzhou Culture & Creative, the operator behind online auction platform Weipaitang that filed to go public on the Hong Kong stock...