Reports Q3 revenue $244.8M, consensus $244.49M. Total Gross Merchandise Volume was RMB 18.63B, an increase of 15.9% year-over-year. Vincent Qiu, chairman and CEO of Baozun, commented, "Despite the ongoing challenging environment, I am encouraged with our business resilience. We continue to execute our medium-term plan with discipline, and strategically invest in our business to expand addressable market. Our recent launch of Baozun Brand Management, along with the acquisition of GAP Greater China, further advance our target to evolve into a technology-driven, omni-channel commerce player. While it will take time and hard work to fully actualize our vision, we believe a close-loop demand-to-supply value chain, as well as an integrated offline-and-online commerce, will make brands unique and much more successful."
Published first on TheFly
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