?????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??,???
???“????”???????????
???????????????????
?????:10????????????
????????????????????
??????:???????????????
?????????????????????
???????“???”«??»?????
?????:10????????????
?????????????????????
???28???????????:?????????
???????????T?:????????
???????????????????
???28???????????:?????????
?????????????
???????????????+??????
“??”????????????????
????-????????????????
??????????????????
??????????????12????
???????????????5???
???!?????????????????…
?????????????????????
?????????:??????1.5%??????…
??:“??”????????????????
??????????????????????