 BEIJING, China, July 22, 2021 GLOBE NEWSWIRE -- Baozun Inc. NASDAQ: BZUN and HKEX: 9991 Baozun or the Company, the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, announced today that Baozun and its wholly-owned subsidiary, Baotong Inc. Baotong have signed a letter of intent LOI with Cainiao for its equity investment Investment in Baotong, Baozuns warehousing and fulfillment solution subsidiary. Baozun, Baotong and Cainiao have also entered into a Letter of Intent of Business Cooperation Agreement LOI of BCA to further explore and develop brand e-commerce opportunities. 