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