Shares of Baozun (NASDAQ: BZUN) rose significantly on Tuesday after the Chinese e-commerce company announced it would form a strategic partnership with iClick Interactive Asia Group (NASDAQ: ICLK), a Chinese digital marketing technology company. It will also make an investment in the company. A short squeeze may have also helped drive the shares higher.
At the close of trading, Baozun stock was up 35%, while iClick had gained 3.4%.
Image source: Baozun.
Source Fool.com