??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%?????

????????