??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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