Baozun, Inc. Class A (HK:9991) has released an update.
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Baozun Inc., a leading e-commerce and digital commerce enabler in China, reported a 12.8% year-over-year increase in revenue for the third quarter of 2024, highlighting robust growth in both its e-commerce and brand management sectors. The company experienced a significant rise in e-commerce sales and brand management revenue, with a notable recovery in product sales after a prolonged slump. Despite a net operational loss, Baozun shows improved margins and continues its share repurchase strategy, reflecting confidence in its long-term growth prospects.
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