???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%?????

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