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????:??????wx:????????

???????2024????2024??,??332???????????????(??,????),Non-GAAP?????30??????????2024??,?????1084????????????,Non-GAAP???????90???????

???????????????????????????????2024??,???????????????????????????7.7?????????????????????????,?????????????????,????????2025??4??11??????????,?????????????2.40????????????????????0.48???

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2024????????GMV????????????2093???????,????????????????

2024??????????,?????????????????????GMV(?????)???0.6%?2093??,??,????GMV?2%,??????????GMV???????????????????75%,????????????

??????????,???????????2024???????????????????�??�?????????�??�,????????????,??????,???????????????????????????

????????????????????,?????200?????????�?????????????????????�???????????,??,??????????????????

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?????????????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%?

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??,????????????????,????????????,??????,??????????????80?,?????2700??????,??????????58,000??

????2024?,????7.68??,???????????????????????????,????????????????????,??27.7???????,???