??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??

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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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