???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%?????

????????