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