??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????,???