????????2024?GMV??2093??,SVIP???16%

??

?????????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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?????????????2024?GMV??2093??,SVIP???16%?????

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