Today’s Research Reports on Stocks to Watch: Baozun Inc. and Momo Inc.
Momo Inc. shares saw a small drop on Thursday but the company had pretty exciting news about a partnership with BMG not too long ago. The fast-growing company, which operates Momo, a mobile-based social networking platform, has signed a deal with BMG to raise the profile of its top talent. Shares of Baozun Inc. hit a new high yesterday and added more momentum to the rally it has been seeing in the last few weeks. Shares have climbed over 250% since the beginning of June.
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Baozun Inc. shares closed up 3.90% and hit a new high of $29.64 during intra-day trading. Earlier in the week the leading brand e-commerce service partner in China, announced that it has appointed Ms. Jessica Xiuyun Liu has a director on its Board of Directors. Ms. Liu has more than 17 years of experience in management and received her bachelor’s degree in economics from Nankai University in 1997 as well as a master’s degree in economics from the University of International Business and Economics in 2000 in China. CEO Vincent Qiu commented, "Alibaba has long been a strategic partner of ours and I look forward to working closely with Jessica going forward and benefiting from her extensive experience in China’s e-commerce industry.” The stock has been on a major bounce in last one year rising over 350%.
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Momo announced that it has signed a deal with BMG and is now a partner with the company to develop music talent from the top artists on Momo’s popular live-streaming app. CEO Tang Yan stated, "As the world’s fourth biggest music publisher, BMG is home to rich music production resources and boasts abundant experience in music creation. This will add international contents and outlook to the entertainment business of Momo. Momo is also looking forward to creating fascinating cultural contents and values for domestic music market. We fully believe that there is still large room for the future collaboration between BMG and Momo." The company will reportedly be spending $1.5 million on the partnership with BMG.
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Our Actionable Research on Baozun Inc. (NASDAQ: BZUN) and Momo Inc. (NASDAQ: MOMO) can be downloaded free of charge at Research Driven Investing.
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