Baozun Inc ( (BZUN) ) has released its Q3 earnings. Here is a breakdown of the information Baozun Inc presented to its investors.
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Baozun Inc., a prominent e-commerce solution provider and digital commerce enabler in China, has reported its unaudited financial results for the third quarter of 2025, showcasing a strategic transformation and steady growth.
In the third quarter, Baozun achieved a 4.8% increase in total net revenues, reaching RMB2,156.2 million, with significant improvements in operating losses. The company highlighted a strong performance in its Baozun E-Commerce (BEC) and Baozun Brand Management (BBM) segments, with BEC returning to adjusted operating income and BBM achieving a 20% year-over-year revenue growth.
Key financial metrics include a reduction in operating losses from RMB114.5 million to RMB25.6 million, and a narrowing of non-GAAP losses from RMB85.2 million to RMB10.8 million. BEC’s services revenue grew by 6.3%, driven by online store operations and digital marketing, while BBM’s revenue increased by 19.8%, primarily due to successful brand management strategies.
Despite a net loss attributable to ordinary shareholders of RMB107.1 million, Baozun’s strategic focus on enhancing profitability and efficiency has positioned the company for future growth. The company’s efforts in cost control and efficiency improvements have also contributed to a more balanced business portfolio.
Looking ahead, Baozun remains committed to its strategic transformation and sustainable growth, leveraging its technology and brand management capabilities to navigate the evolving e-commerce landscape in China.

