?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??,?????????????????????

??????????????????????:??????????????????????

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