??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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