Operator
Good morning, ladies and gentlemen and thank you for standing by for Baozun s first-quarter 2021 earnings conference call. [Operator instructions] I will now turn the meeting over to your host for today s call, Ms. Nicole Zhao, investor relations manager for Baozun. Please proceed, Nicole.
Nicole Zhao
Investor Relations Manager
Thank you, operator. Hello, everyone and thank you for joining us today. Our first-quarter 2021 earnings release was distributed earlier today, and this is available on our IR website at ir.baozun.com as well as on global newswire services. On the call today from Baozun, we have Mr.
Vincent Qiu, chairman and chief executive officer; Mr. Arthur Yu, chief financial officer; and Ms. Tracy Li, our vice president of strategic business development. Mr.
How This Chinese Vaping Billionaire Became One Of The World s Richest Women In Three Years
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How This Chinese Vaping Billionaire Became One Of The Worldâs Richest Women In Three Years
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Kate Wang, 39, jumped into the ranks of the worldâs richest when her vaping company RLX went public on the New York Stock Exchange in January. Now the Procter & Gamble and Uber veteran faces looming threats from Chinese regulators and skeptical investors.
In a period of 55 hours starting on the morning of March 22, shares in Chinese vaping company RLX Technology collapsed 54%, slashing more than $16 billion from the startupâs market cap. The slump continued through the week as investors sold on the news of a potential industry crackdown by Chinaâs tobacco regulator and the Securities and Exchange Commissionâs announcement that it would start enforcing a law to require Chinese listed companies to provide audits or risk being delisted.
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.
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