??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?????,???