??2024??GMV????????2093???,SVIP?16%

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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?????

???????:“?,???????????????????????,?????????????????????”

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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???????2024??GMV????????2093???,SVIP?16%?????

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