CLSA Downgrades Baozun (BZUN) to Outperform (2) Citing Macro Headwinds and Consumption Weakness

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Go back to CLSA Downgrades Baozun (BZUN) to Outperform (2) Citing Macro Headwinds and Consumption Weakness

Baozun Announces Third Quarter 2021 Unaudited Financial Results

November 30, 2021 5:05 AM EST

SHANGHAI, China, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (Baozun or the Company), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.

Third Quarter 2021 Financial Highlights

Total net revenues were RMB1,898.8 million (US$1294.7 million), an increase of 3.8% year-over-year, of which, service revenues were RMB1,199.1 million (US$186.1 million), an increase of 16.9%... More

Baozun Announces US$50 Million Share Repurchase Program in addition to the Completed US$125 Million Shares Repurchase Program

November 30, 2021 5:00 AM EST

SHANGHAI, China, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (Baozun or the Company), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced that, as the Company has already completed its US$125 million share repurchase program announced on May 18, 2021, in addition to the said share repurchase program, its board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$50 million worth of its outstanding (i) American Depositary Shares (ADSs), each representing three Class A... More