???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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