??????????????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???,?????????????????????
????????????54???
????:?????????????????????…
??????????8.15???????
????????:??1??8000?
?????????????????????
?????????????????????
??????????????????
????????:??1??8000?
????????????54???
????????????470?:???3?1?
??“?????”????????3519?
??????????????8???
???:?????????????????????
2017???????????:??????
??!?????????????????
???100?????????????0.01?
????:2016????300??????????…
???????100??????????1500
?????????????????????
????????????470?:???3?1?
?????????68?????????????
??:??????????????????
2017???????????:??????
????:?????????????1???
??????????????????????