??
??2024??2024?????????,??332?????(??????????????,????),Non-GAAP????????????????30???????????2024?????,???????????1084??????,Non-GAAP??????????????????????????90??????????????????????
????????????????????????????????????????2024?????????,????????7.7????????????????,???????????????,???????????????2025???????????????4???????11?,???2.40????0.48??
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2024??GMV?????2093?????????????,?????????????????????
2024???????,??GMV(????????)??0.6%???????????2093?????,????????????,?GMV???????2%,???????????GMV?????????????????75%,??????????????????
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??,??????200???�????�???????,??,??
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??????????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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???????2024??GMV?2093???,SVIP????????16%?????????????