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???????2024???2024????,???????????????332???(??????????????????,????),Non-GAAP?30?????????2024??,??1084?,Non-GAAP????????????90??????????????????

?????????????2024?????????????????,???????????????7.7????,?????????????????,?????????2025???????4????????????11??,?????2.40??????????0.48?????????????

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2024?????????GMV????????????????2093???,?????????

2024?,??????GMV(?????????)????????????????0.6%??????2093???????,??,???????????????GMV?2%,??GMV?????????????????????75%,????????

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?????????????,???200????????????????????�?????�??????????,???????????,??????

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???????????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%?

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????????,?,???????????,????,?????????????80??????????,???????2700?????,????????????????????58,000???????????

?????????????2024???,???7.68???????????????????,??????????,??,??27.7?????,????????????????