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