??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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