Baozun reported that director and Chief Executive Officer Qiu Wenbin filed an initial statement of beneficial ownership. Qiu beneficially owned 20,000 American Depositary Shares directly and 1.32 million American Depositary Shares indirectly. He also reported indirect ownership of 9.41 million Class B ordinary shares. Qiu reported 405,000 restricted stock units tied to Class A ordinary shares.
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