China-based Baozun reported first-quarter results early Thursday that soundly beat revenue estimates. BZUN stock jumped.
The e-commerce services company reported revenue of $313 million, topping estimates of $283.8 million. Adjusted earnings were flat, vs. expectations of 2-cents a share.
BZUN stock soared 25.5%, closing at 9.90 on the stock market today.
Baozun helps its clients build an e-commerce operation, setting them up to sell goods directly to consumers. Its services include information technology, digital marketing and online store operations, customer service, warehousing and fulfillment.
Baozun also helps companies establish digital storefronts on the largest consumer-facing e-commerce platforms in China.
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