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