Revenue Growth
Total revenues grew by 13% year-over-year to RMB 2.1 billion, with e-commerce revenue increasing by 14% and brand management revenue by 10%.
Success in Digital Integration
The Douyin business experienced triple-digit growth year-over-year, attributed to strategic integration and innovation.
Strategic Transformation Progress
The BEC segment achieved a 14% revenue increase, and the BBM segment saw a 10% growth, marking the first apple-to-apple revenue expansion since the GAP brand acquisition.
Strong Online Sales Performance
The GAP brand ranked higher in men's apparel on Tmall during Double 11, with double-digit growth on multiple platforms.