Baozun, a brand eCommerce solution provider and digital commerce enabler in China, has signed agreements to acquire Gap Greater China, in an all-cash transaction with a primary consideration in the amount of US$40 million. According to the official statement of Baozun, the transaction allows no more than US $50 million for adjustment. It is subject to the satisfaction of customary closing conditions and regulatory approval, with the acquisition expected to be effective in the first half of 2023. Gap Greater China is wholly owned by Gap, the largest American specialty apparel company offering comfort-casual wear, accessories, and personal care products...