Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Baozun Stock Was Falling Today

TheMotleyFool

0 0

Why Baozun Stock Was Falling Today: https://g.foolcdn.com/editorial/images/734005/china-e-commerce.jpg

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