Champion Kerry acquired 14.4% stake in Baozun Inc. (NasdaqGS:BZUN) from Alibaba Group Holding Limited (NYSE:BABA) on May 30, 2024. Under the terms, Alibaba Group sold 26,469,422 Class A Ordinary Shares in Baozun Inc.

Champion Kerry completed the acquisition of 14.4% stake in Baozun Inc. (NasdaqGS:BZUN) from Alibaba Group Holding Limited (NYSE:BABA) on May 30, 2024.