???????????????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?????????????????,??????????
????2016???54?PB??????????…
?????“??????”:???????
??19????????????????????
70???????856?:??????????-?
????????????:??????????
????????????????????
????????????????
????????!7???????????
?????????????????????????
????????????????????
????:????????????????
??????????????500????80%?
????:???????????3.07%?????…
???????“?????”????:???
???????????????????????
??-???????2?????????
??????????????????????
?????????18.71?
????????????????????
??:???????“??”???
?????????????????
?????:???????????
??:????????????????
?????????????????????????
???:?????????????????