???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???????????????,?????????????