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

???????:??????????

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??:???????????,??????????,??????????????