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