?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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