????????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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