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Baozun Confirms Equity Investment Plans for November 2023, Aiming for 51% Stake in Location

Author: Benzinga Newsdesk | November 22, 2023 06:05am

Baozun has signed a Key Term Confirmation Letter ("Term Sheet") with Hangzhou Location Information Technology Co., Ltd. ("Location") and other relevant parties regarding its equity investment in Location in November 2023. Baozun plans to acquire 51% of Location's equity through capital increase and equity transfer.

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