Baozun Inc: Jumps on strong Q1 results

Baozun

02/06/2020 15:51

** Shares of Chinese e-commerce solutions firm  BZUN.O  rise
12% to $32.89
    ** Co's profit beats est. for the fifth time in the last
eight quarters, revenue also exceeds expectations 
    ** BZUN helped by 23% jump in services revenue
    ** As China's economic recovery strengthens in Q2 , co
believes adoption of online retail will continue to accelerate
going forward - CEO
    ** Despite session's gains, stock is down 1% YTD

 (Reporting by Abhishek Manikandan in Bengaluru)