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

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

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