?2024????????GMV??2093???,SVIP??16%

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??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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