2?4?????????,????«2025???????????????»,????????????,?????????????????????,1????28???2????????????3?????????????,??1.5???,???70%?

????,“??”“???????????????”?????????????????????????????????????????????????????????????????,???????????????,?182%,??????58%??????????????48%?????????????????????????????????,??????????180%?71%??????69%?

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

“???????”“?????????”????,??????????????????????????????,????,1??28??2????3????????,???????????????????????????????????,?????????????????????????????????????????????????????????????????????????,?????????????????????

????,???????????“??”?????????,???????????????????????????????????????????,???????92???????????,???????????543????,?????????????140%?

?,?????????????,????????????????,1????????????????28?2??????3???,???????????????????????1???????????????????????????93%?90%????????73%?

???,??????????????????,???????99%,????????,????????????????????,??87%,?????????????????86%??????????????????????????

?,??????????????1??????28?????2???????3?,??,???????????????263%?143%?115%?112%??????????

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

??“???”??,??????????????????,??????????????,??????,?????????,?47%,??462%?

???????,“???????”???“??????????”IP????????,???????????,????????????????????210%????????,????????,????????????????????290%,????97%???,?????????????????????,??????????????????150%,???300?????????????????????????????????,????3?????????????????????????,??????????????1200????????,??????,?120%??????????????,?????????????????,??????????????,??????????????33%?????????,????,??????522%?

????,?????????????,?,??????????795%???,?????????????????,????488%?“?????????????”?????????????,??????????????????461%??????????????????????????70%?

??????????????????????????????,????,???????????????????????????,“?????”???????168%,????????????458%?????,??????“?????”???,????558%,?????“????????”??????152%,?????,?????46%????????????????,?,???41%??,???????123%?

1??28???2???3??,??“?”????139%,????122%?????,??????????????,95????18???????????00????????2.6?????????????????????

?,??????????????“??????????”

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

?????????????,???????????????????????,?,???449%????,?????????????????,?????391%??????????343%????,??????????????????????????????????1????

????????????????,??????????????????????????150???????????????,????,??10??????????????????????????,?????????10?????????????????????

??????????????POI(???)??????????????,1???28?????2??3???,????????????????????????????????????????????????????????????????????????????????????????????????????????????????

???,????????????“??????????????”???,“?????????”??????????“???????????”,???????1???24???????????????2???????1?????,??????????125%,?196%???????????“????????????”?????????,??“??????????”????????????,??????????????????????????????,???,????????TOP1,??????????????????????GMV??60%?

?????????,??,??????????????????????????????????,??????????,???,??“??????????????”“??”“?????”???????????????????????

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3?????????

4????????

5???????

2?4?????????,????«2025???????????????»,????????????,?????????????????????,1????28???2????????????3?????????????,??1.5???,???70%?

????,“??”“???????????????”?????????????????????????????????????????????????????????????????,???????????????,?182%,??????58%??????????????48%?????????????????????????????????,??????????180%?71%??????69%?

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

“???????”“?????????”????,??????????????????????????????,????,1??28??2????3????????,???????????????????????????????????,?????????????????????????????????????????????????????????????????????????,?????????????????????

????,???????????“??”?????????,???????????????????????????????????????????,???????92???????????,???????????543????,?????????????140%?

?,?????????????,????????????????,1????????????????28?2??????3???,???????????????????????1???????????????????????????93%?90%????????73%?

???,??????????????????,???????99%,????????,????????????????????,??87%,?????????????????86%??????????????????????????

?,??????????????1??????28?????2???????3?,??,???????????????263%?143%?115%?112%??????????

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??“???”??,??????????????????,??????????????,??????,?????????,?47%,??462%?

???????,“???????”???“??????????”IP????????,???????????,????????????????????210%????????,????????,????????????????????290%,????97%???,?????????????????????,??????????????????150%,???300?????????????????????????????????,????3?????????????????????????,??????????????1200????????,??????,?120%??????????????,?????????????????,??????????????,??????????????33%?????????,????,??????522%?

????,?????????????,?,??????????795%???,?????????????????,????488%?“?????????????”?????????????,??????????????????461%??????????????????????????70%?

??????????????????????????????,????,???????????????????????????,“?????”???????168%,????????????458%?????,??????“?????”???,????558%,?????“????????”??????152%,?????,?????46%????????????????,?,???41%??,???????123%?

1??28???2???3??,??“?”????139%,????122%?????,??????????????,95????18???????????00????????2.6?????????????????????

?,??????????????“??????????”

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

?????????????,???????????????????????,?,???449%????,?????????????????,?????391%??????????343%????,??????????????????????????????????1????

????????????????,??????????????????????????150???????????????,????,??10??????????????????????????,?????????10?????????????????????

??????????????POI(???)??????????????,1???28?????2??3???,????????????????????????????????????????????????????????????????????????????????????????????????????????????????

???,????????????“??????????????”???,“?????????”??????????“???????????”,???????1???24???????????????2???????1?????,??????????125%,?196%???????????“????????????”?????????,??“??????????”????????????,??????????????????????????????,???,????????TOP1,??????????????????????GMV??60%?

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