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

??????:???

?????????

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

????????