?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%?????

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