EXHIBIT 8.1

LIST OF SIGNIFICANT SUBSIDIARIES AND CONSOLIDATED AFFILIATED ENTITY*

All significant subsidiaries and consolidated affiliated entity do business under their legal name.

Significant Subsidiaries

Name of Company	Jurisdiction of Incorporation	Percentage of Attributable Equity Interests
Shanghai Baozun E-commerce Limited	PRC	100	%
Baozun Hong Kong Holding Limited	Hong Kong	100	%
Shanghai Bodao E-commerce Limited	PRC	100	%
Shanghai Fengbo E-commerce Limited	PRC	100	%
Baozun Hongkong Limited	Hong Kong	100	%
Baozun Hongkong Investment Limited	Hong Kong	100	%
Baotong Inc.	Cayman Islands	70	%
Baotong Hong Kong Holding Limited	Hong Kong	70	%
Baotong E-Logistics Technology (Suzhou) Limited	PRC	70	%
Shanghai Yingsai Advertisement Limited	PRC	100	%
Baozun Brand Management Limited	Hong Kong	100	%
White Horse Hongkong Holding Limited	Hong Kong	100	%
Gap (Shanghai) Commercial Co., Ltd.	PRC	100	%

Affiliated Entity Consolidated in the Registrant’s Financial Statement

Name of Company	Jurisdiction of Incorporation
Shanghai Zunyi Business Consulting Ltd.	PRC

* Other consolidated entities of Baozun Inc. have been omitted from this list since, considered in the aggregate as a single entity, they would not constitute a significant subsidiary.