???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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