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Why Baozun Stock Was Falling Today

TheMotleyFool

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Why Baozun Stock Was Falling TodayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D

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