?????????????????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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