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