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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???????????

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

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

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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?????????????????,????????????

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