???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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????????2024??GMV??2093?,SVIP????????16%?????

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