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    Wang Zhao

    Vice President and Equity Analyst at China International Capital Corporation

    Wang Zhao is a Vice President and Equity Analyst at China International Capital Corporation, specializing in covering Chinese-listed technology and internet companies. He regularly tracks firms such as Alibaba, Tencent, Meituan, and JD.com, and is noted for providing detailed analysis on shareholder returns and corporate strategies, contributing to actionable client research. Wang Zhao began his career in equity research shortly after earning his advanced degree in finance and joined CICC in the early 2020s, building on prior internships at prominent investment firms. He holds Chinese securities research analyst qualifications and is recognized internally for his rigorous analytical rigor and stakeholder engagement on company earnings calls.

    Wang Zhao's questions to Baozun (BZUN) leadership

    Wang Zhao's questions to Baozun (BZUN) leadership • Q2 2024

    Question

    Wang Zhao inquired about the company's outlook on future share repurchases and long-term plans for shareholder returns, and also asked for an update on new services provided to partners, particularly regarding creative content e-commerce.

    Answer

    Vincent Qiu, Chairman and CEO, confirmed that share repurchases will continue and stated that long-term shareholder returns also depend on improving business performance and creating synergies between business units. Arthur Yu, President of Baozun E-commerce, addressed the services question by highlighting the 10% growth in service revenue, driven by enhanced omnichannel solutions and the successful integration of the Location business, which is now seeing triple-digit growth.

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