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

?????????????:??????

?????????

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

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