?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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