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

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

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?????????????2024???GMV??2093??,SVIP?16%?????

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