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.