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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??

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2024??????????GMV?????????2093???????,??

2024???????,??GMV(????????)?????????0.6%?????2093????????????,?,???????????????GMV??2%,?????GMV????????????75%,?????

?,?????????????????????????????????????2024??????????????????????�???�????�????�,??????????????,??????,??????

??,?????200?�??????�?????????????,????,????????????????????

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?????????????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%?

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??????????,????????????,??????????????????????????????,??????,???????80???????????????????,?2700?,??58,000?????????????

?????2024????????,????????7.68???????,???????????????????????,??,??27.7?????,????