?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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