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Why Baozun Stock Soared Today

TheMotleyFool

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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

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