Baozun, Inc. Class A (HK:9991) has released an update.
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Baozun Inc. has renewed its continuing connected transactions with Alibaba Group, ensuring the continuation of logistics and marketing services until December 2024. As a significant shareholder, Cainiao, a subsidiary of Alibaba, plays a key role in these transactions, which have been deemed fair and beneficial by Baozun’s board. This renewal highlights Baozun’s strategic partnership with Alibaba, leveraging efficient logistics services to enhance its e-commerce operations.
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