???????????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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