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