BAOZUN(BZUN) - 2025 Q4 - Earnings Call Transcript

Baozun (NasdaqGS:BZUN) Q4 2025 Earnings call March 25, 2026 07:30 AM ET Speaker5Good morning, ladies and gentlemen, and thank you for standing by for Baozun's fourth quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a question and answer session. As a reminder, today's conference call is being recorded. I will now turn the meeting over to your host for today's call, Miss Wendy Sun, Senior Director of Corporate De ...