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

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

?????????

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

????????