?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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