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

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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?????????

????????????:“???????,?????,???????????????????”

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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