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Why Baozun Stock Is Soaring This Week

TheMotleyFool

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Baozun (NASDAQ: BZUN) stock is seeing sustained rebound momentum this week. Prior to market open on Friday, the company's share price was up 11.7% from the previous week's market close, according to data from S&P Global Market Intelligence.

After intense sell-offs early in 2022, and the beginning of March in particular, Chinese tech stocks have recently been regaining ground. Baozun stock also appears to have benefited from news that the company has repurchased senior notes and will be buying back more of its stock.

Image source: Getty Images.

Source Fool.com

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