Advertisement
Singapore markets closed

  • Straits Times Index

    3,300.04
    -3.15 (-0.10%)
     

  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     

  • Dow

    38,852.27
    +176.59 (+0.46%)
     

  • Nasdaq

    16,349.25
    +192.92 (+1.19%)
     

  • Bitcoin USD

    63,628.11
    -489.62 (-0.76%)
     

  • CMC Crypto 200

    1,318.35
    -46.78 (-3.43%)
     

  • FTSE 100

    8,299.61
    +86.12 (+1.05%)
     

  • Gold

    2,320.60
    -10.60 (-0.45%)
     

  • Crude Oil

    78.23
    -0.25 (-0.32%)
     

  • 10-Yr Bond

    4.4890
    0.0000 (0.00%)
     

  • Nikkei

    38,835.10
    +599.03 (+1.57%)
     

  • Hang Seng

    18,479.37
    -98.93 (-0.53%)
     

  • FTSE Bursa Malaysia

    1,605.68
    +8.29 (+0.52%)
     

  • Jakarta Composite Index

    7,123.61
    -12.28 (-0.17%)
     

  • PSE Index

    6,618.58
    -33.91 (-0.51%)
     

Why Baozun Stock Was Sinking Today

Jeremy Bowman, The Motley Fool
·2-min read
Why Baozun Stock Was Sinking Today

Shares of Baozun (NASDAQ: BZUN) were falling today after the Chinese e-commerce services provider posted disappointing results in its fourth-quarter earnings report, missing estimates on the top and bottom lines. Baozun has been struggling for years with its own challenges, and like other Chinese e-commerce companies, it has been tripped up by COVID-19 lockdowns in China recently. Service revenue, which now makes up the majority of the company's business, fell 8.3% to $258.2 million.

Continue reading