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BABA Jun 2022 225.000 call
| Previous close | 0.0100 |
| Open | 0.0100 |
| Bid | 0.0100 |
| Ask | 0.0200 |
| Strike | 225.00 |
| Expiry date | 2022-06-17 |
| Day's range | 0.0100 - 0.0100 |
| Contract range | N/A |
| Volume | |
| Open interest | 6.08k |
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Why Baozun Stock Jumped Today
Shares of Baozun (NASDAQ: BZUN) were surging today after the Chinese e-commerce services provider delivered better-than-expected results in its first-quarter earnings report. Baozun reported another decline in revenue in the quarter with sales down 1.8% to $313 million, though services revenue jumped 24.3% to $205.6 million as the company continues to pivot away from first-party sales to higher-margin services. Total gross merchandise volume in the quarter grew 28.4% to $25.6 million, but revenue still declined in its non-distribution business, which has a lower take rate from its distribution business.
