??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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