?????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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