Jiawei Yin's questions to Baozun (BZUN) leadership • Q2 2025
Question
Jiawei Yin from CITC asked if platform-provided benefits have reduced operational costs for brands and if changes in traffic allocation have boosted brand product traffic. He also inquired about Baozun's plans for further brand acquisitions, the selection criteria, and how operational experience from Gap and Hunter will be leveraged for new brands.
Answer
Junhua Wu, Chief Strategy Officer, explained that platform rebate programs (JVP) benefit both brands and Baozun by encouraging top-line growth. He noted traffic allocation varies by category, with a general trend away from price wars. Chairman and CEO Vincent Wenbin Qiu stated that the strategy for the BBM segment is to acquire brands with growth potential, preferably by converting existing e-commerce clients to reduce risk. Ken Huang, CFO of BBM, added that the infrastructure built for Gap and Hunter provides a strong foundation for onboarding future brands.