Shares of Baozun (NASDAQ: BZUN) were moving higher today after the Chinese e-commerce services provider posted better-than-expected earnings results in its first quarter. Baozun said revenue rose 18.4% in the quarter to $215.2 million, beating estimates at $202.3 million, and higher-margin services revenue increased 22.9% to $116.2 million. Total gross merchandise volume, GMV, increased 17.6%, and the number of its brand partners, which include multinational companies like Nike, Starbucks, and Microsoft, rose from 200 to 239. Read More...
Why Baozun Stock Popped Today
Shares of Baozun (NASDAQ: BZUN) were moving higher today after the Chinese e-commerce services provider posted better-than-expected earnings results in its first quarter. Baozun said revenue rose 18.4% in the quarter to $215.2 million, beating estimates at $202.3 million, and higher-margin services revenue increased 22.9% to $116.2 million. Total gross merchandise volume, GMV, increased 17.6%, and the number of its brand partners, which include multinational companies like Nike, Starbucks, and Microsoft, rose from 200 to 239.
