Baozun Aims to Ease Its Alibaba Addiction With New Growth Plan

Company aims to triple revenue and boost operating profit sixfold in next three to five years Key Takeaways Baozun’s new three- to five-year “profitable growth” strategy is designed to respond to rapid shifts in e-commerce buying habits Company’s diversification bid risks unsettling close ties with Alibaba and Tmall, which account for 75% of its business By Eric Auchard Alibaba may be a good business partner, but it’s nice to work with others as well – especially as Beijing cracks down on the e-commerce giant for its monopolistic practices. That’s the…

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WeChat Software Star Weimob Hit by More Loses, Big-Tech Scrutiny

Software as a service (SaaS) specialist’s latest results show it’s still suffering from a pandemic hit, as investors also worry about regulatory crackdown on WeChat parent Tencent Key Takeaways: Weimob’s 50% stock drop over the past month owes to concerns about its continued losses, as well as regulatory scrutiny of big tech Its intrinsic growth story remains intact as the company expands its customer base and partners By Eric Auchard Shares of Weimob Inc. (HKEx: 2013), the top supplier of cloud-based commerce and marketing software for merchants in China’s vast…

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