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