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