Operator
Good morning, ladies and gentlemen. Thank you for standing by for Baozun's fourth-quarter and full-year 2020 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, investor relations director of Baozun. Please proceed, Wendy.
Wendy Sun --
Investor Relations Director
Thank you, operator. Hello, everyone, and thank you for joining us today. Our fourth quarter and full-year 2020 earnings release was distributed earlier today and is available on our IR website at ir.baozun.com, as well as on GlobeNewswire services. You can also find a PowerPoint presentation that accompanies our comments today on our IR website at sections of quarterly results and webcast and presentations.