??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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