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

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??????????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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