Baozun (BZUN) Q1 2025 Earnings Call May 21, 2025 07:30 AM ET Speaker0 Good morning, ladies and gentlemen, and thank you for standing by for Bayozin's First Quarter twenty twenty five Earnings Conference Call. Currently, all participants are in a listen only mode. After the management's prepared remarks, there will be a question and answer session. As a reminder, today's conference call is being recorded. I would now like to turn the meeting over to your host for today's call, Ms. Wendy Sun, Senior Director ...