Why Baozun Stock Was Falling Today
Shares of Baozun (NASDAQ: BZUN), the struggling Chinese e-commerce services provider, were moving lower today after the company issued another disappointing earnings report.
As a result, the stock was down 8.4% as of 1:36 p.m. ET on Thursday.
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. Both service and product revenue fell in the quarter.
Source Fool.com
Baozun Inc ADR Aktie
2,10 €
-0,94 %
