2???????4??,?????????????(???????????“?”)???????????????????????????????,???????2025??2?????12???????????????????????????,2024?????????,??????????????GMV(??)?????166????,?????????????????2023????????????20.4%?
??,???????????????????????????????,?,???????,?????????????????????????????????,???????????????2024?9??30??,??????????????9778???????????2023??,??????????37.6????????????????,??????20.2%?
???????????,???
?,???2023??????,???????????78.8%?,??????2024??9???????30??,????????80%?
???????,?2024?????????9?????30??????,?????17??????????????????,????????????????,??????????????????????????????
??????????,????GMV?2018?????????????????252????????2023?????????????????????960??,?????30.7%?????????????MobTech??«2024?»????????,??,?????2028??5000???,???????????????,????
???????????,?????????????,??,??????
????,???????,???????????????2023?GMV????????????,??22%?????????????????????????2023?????????????????,??38.3%,??????25%???????2024??????????????9??????????30??,??40%?
????????????????37.6??????????????,?
?,?????????“????????????”??????
?,???,???,???,???
?????,???????????????,???????????,???????????2024???????????????????3?29??????????????“0????????”?????????????????,??????,??,??????????3???????????????????,????????????????????????3??????,??4????????,???????????????,????,?“???????????????”“?”??????????
?????????????,???????????????????????????,???????????????????,??????????,??
????,??2024?9??30??????????,?????130???,????????????????????????????????,?????,??,????,????????????????????????????????????????????????????????????,?????????????????
?????,2023??????,??37.6??????????????,?20.2%,????15%???
?,????2024????????????????9????????????????????30?,??????,???2.9????,71%?????????????????
???????,????????????
??????????,?????????????????????????????,?????
??????????,????????????????????,????2024????????????9???30?????,?1.35?????????????????,????4300?????2023?53%,?30%????????
????????????????,?????,????????,2021?????????2022??2023???????????,??1.5%?2.1%?????????????2.6%?
????,??,?2023??12?31??,???????????,??????????????,?????2023?,????????40????????,??????????
???????2024????????9?30?,??22??????????????,?22??????,????6????????????????76%???????150???????????,?97%??
??,????,??????,?????????????,2023??2024??????????????????,???130??85????????
??????,??????,?????????????????,??????????,????,??,?????????????????,?? ????????????????????????????:?????????
???????????:??????????120%
??????????????50?????
?????????????????????
??????????????????34??
????????:???????????
?S??????????????????
??:“??”????????????????
?????????:IPO???????PE??
??????????????????
????K?!??????!????????
????????????????????
?????????????????1?1?
???!?????????????????…
???????????:??????????
?????????????????????
?????????????????????
YG?????????????????????
??????????????????34??
??????:??????????????
??:????????????????
60?????????????
60?????????????
???????????!?????????
?????15?!?????????????
????K?!??????!????????