Baozun Inc. (NASDAQ:BZUN) Q4 2025 Earnings Call Transcript

Baozun Inc. (NASDAQ:BZUN) Q4 2025 Earnings Call Transcript March 25, 2026

Operator: Good morning, ladies and gentlemen, and thank you for standing by for Baozun’s Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, today’s conference call is being recorded. I will now turn the meeting over to your host for today’s call, Ms. Wendy Sun. Senior Director of Corporate Development and Investor Relations of Baozun. Please proceed, Wendy.

Wendy Sun: Thank you,...