BZUN up after earnings release.
BZUN is up after releasing their earnings report. The Chinese stock is up over 18% at the time of this writing. Baozun reported 42 cents on revenue of $240.6 million. The general consensus was 31 cents a share on revenue of $245.22 million.
Founded by Vincent Qin in 2006, Baozun is an E-commerce business partner. The Shanghai-born company help Western brands be more popular in China. Brands like Coach and Nike work with BZUN with their China e-commerce strategies. In 2015, Baozun was listed on the NASDAQ.
BZUN works with JD and BABA, who reported earnings that disappointed the market. While the two giants’ reports were completely misunderstood by investors, BZUN’s numbers have been received wonderfully.