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