Why Baozun Stock Was Gaining Today

Shares of Baozun (NASDAQ: BZUN) were moving higher today after the Chinese e-commerce services provider announced it was repurchasing a convertible note. Additionally, it benefited from a broader tailwind among Chinese stocks as the government said it was taking a more conciliatory stance.

As of 12:55 p.m. ET, the stock was up 17.7%.

Image source: Baozun.

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Source Fool.com