Revenue Growth
Baozun Group achieved an 8% year-over-year revenue growth in Q4 2024, with e-commerce revenue growing 6% to RMB 2.5 billion and brand management revenue growing 17% to RMB 535 million.
E-Commerce Division Profitability
E-commerce division reported a sustainable 16% increase in non-GAAP operating profits, with annual top line growth resuming after two years of contraction.
Expansion and Performance of BBM
BBM reported a 17% year-over-year revenue increase, with offline revenue growing for the first time since acquisition, and expansion into Tier 2 cities using an asset-light approach.
Douyin Channel Growth
Douyin channel maintained triple-digit growth, contributing 6% of e-commerce revenue, with successful live streaming events and recognition as a Diamond Brand Service Provider.
Successful Share Repurchase Program
Baozun completed a share repurchase program, repurchasing approximately 5.3 million ADS for $14.7 million, representing about 9% of total shares outstanding at the beginning of the program.