|Day's range||4.6500 - 4.6500|
Shares of Baozun (NASDAQ: BZUN), the struggling Chinese e-commerce services provider, were moving lower today after the company issued another disappointing earnings report. At a time when much of the Chinese e-commerce sector is struggling, Baozun posted another quarter of declining sales as revenue fell 4.9% to $274.9 million, though that topped estimates at $270.8 million. Management continued to make progress on its plan to restructure the company into three divisions: Baozun e-commerce, Baozun brand management, and Baozun international.
Good morning, ladies and gentlemen, and thank you for standing by for Baozun's first-quarter 2023 earnings conference call. Mr. Qiu will review the business strategy and company highlights, followed by Mr. Yu who will discuss the business development of Baozun e-Commerce, and about our financial outlook, then by Ms. Zerbib to share more about Baozun Brand Management.
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.
The Cricut electronic cutting machine was a natural winner with its ability to punch patterns into paper, vinyl, greeting card stock, and other flat objects. This should be a great time for Stitch Fix, in theory.
Chinese stocks broadly are responding positively to some regulatory news and more bullishness around the sector.
Chinese stocks were on the move again as reopening hopes lit a fire under these beaten-down stocks. Baozun and Kanzhun also reported earnings.
Good morning, ladies and gentlemen, and thank you for standing by for the Baozun's third-quarter 2022 earnings conference call. Mr. Qiu will review the business operations and company highlights, followed by Mr. Yu, who will discuss financials and key operating metrics.
U.S. apparel retailer Gap Inc has agreed to sell its Greater China businesses to Baozun Inc, the e-commerce service provider said on Tuesday, as headwinds persists for global consumer brands in the world's second-largest economy. Dealmakers have seen opportunities for merger and acquisitions involving multinational firms that look to spin off their China units, as growth outlook in the country grappling with strict COVID-curbs remains uncertain amid intensifying competition with domestic brands. Earlier this year, American fast fashion retailer Forever 21 made its third effort to enter China after having left the market twice, while major sportswear companies Nike and Adidas lost ground to local brands Li Ning and Anta in recent years.
Investors need to pay close attention to Baozun (BZUN) stock based on the movements in the options market lately.
GigaCloud Technology (NASDAQ: GCT) and Baozun (NASDAQ: BZUN) represent two very different ways to invest in China's sprawling e-commerce sector. GigaCloud's business-to-business platform connects product manufacturers -- most of them based in China -- with retailers across the world. Baozun's end-to-end e-commerce platform serves as a one-stop shop for large foreign companies that want to quickly establish an online presence in China.
Good morning, ladies and gentlemen, and thank you for standing by for Baozun's second quarter 2022 earnings conference call. Mr. Qiu will review the business operations and the company highlights, followed by Mr. Yu, who will discuss financials and guidance.
Shares of Baozun (NASDAQ: BZUN) were falling today after the Chinese e-commerce company delivered another disappointing earnings report. As of 11:41 a.m. ET, Baozun stock was down 8.1%. Service revenues, which include handling shipping, marketing, and IT for its clients, rose 7.2% to $213.2 million, while product revenue, or direct e-commerce sales, fell sharply in the quarter, down 29% to $103.6 million.
Yahoo Finance Live anchors discuss reports that Chinese financial regulators had plans to revive Ant Group’s IPO.
Despite already having rallied in the early part of the week, Chinese tech companies Didi Global (NYSE: DIDI), Baozun (NASDAQ: BZUN), and GDS Holdings Limited (NASDAQ: GDS) skyrocketed again today, up 14.3%, 12.5%, and 8.8%, respectively, as of 1:31 p.m. ET. Didi is a ride-sharing platform, Baozun is a software and logistics company that helps brands go direct to consumers with e-commerce, and GDS runs data centers for large internet, financial, and cloud companies.