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

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

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

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