Vipshop (VIPS) Q1 2025 Earnings Call May 20, 2025 07:30 AM ET Speaker0 Ladies and gentlemen, good day everyone and welcome to Vipshop Holdings Limited's First Quarter twenty twenty five Earnings Conference Call. At this time, I would like to turn the call to Ms. Jeshi Zhang, Vipshop's Head of Investor Relations. Please proceed. Speaker1 Thank you, operator. Hello, everyone, and thank you for joining Vipshop's first quarter twenty twenty five earnings conference call. With us today are Eric Shen, our Co Foun ...