???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%?????

????????