By Sabela Ojea
Shares of Baozun on Monday climbed after the company posted a significantly narrower loss in the second quarter, boosted by its Baozun Brand Management business.
At 1:17 pm E.T., shares were up 12%, at $4.15. The stock has, however, dropped 21% in the past month, and 23% since the year started.
The e-commerce solution provider and digital commerce enabler in China posted a net loss of $2.8 million, or 5 cents a share, compared with a loss of $10.7 million, or 17 cents a share, for the same period a year earlier.
Revenue rose 9.3%, the company said.
“While the macro-environment remains challenging, each of our three business lines is making progress,” Chairman and Chief Executive Vincent Qiu said.
Write to Sabela Ojea at [email protected]
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