????????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%?????

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