???2024???????????????2024??????????????????????????,??332??(???????????,?????????),Non-GAAP???????????30????????????2024??,????????1084????????????,Non-GAAP??????????90???????????????

??????????????2024????????????????,????????7.7????????????????????????????,????????????????,?????????????????2025?????????????????????4??11?????????????????,???2.40????????????????????0.48???????

????????????:“?????????????,????????,??????????????????”

2024????????????????????GMV?????2093???,??????

2024?,?????GMV(????????????????)??0.6%????2093?????????,??,?????????????????GMV?2%,?????????????GMV????????????75%,??????

?????????????????????,????????????2024?????????“??????????”????????“???????????????”,????????,????????????,???

???,???200?????????????????“????”??????,????????????,???

??????????????????????,???????

????????????????????2024?????????????????1500??,????Acne Studios?Toteme??????,?????????OTB(ONLY THE BRAVE)?????,?????????,??????????????

?????????,2024????????,???,???

2024?,?????????“??”??,?????,??????????,???????,?????????????

???,SVIP????16%

???????VIP?????(SVIP)??????????????????????????V?9.5??????????V???????,2024???????????????????????????????,?SVIP????,??????????V??????????????,??????SVIP???????

????,????????2024??????????,SVIP????????16%???????????????880???????????,???49%?

??????,????????

???????????????????,???????,?????????,????????????,?????????????80???????????????????,????????????2700?????????,????????58,000??

??????2024?,?7.68??,????????????????????????????????????????,??,??????????27.7?,????????

?????:??????

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??:???????????,??????????,??????????????