Capital ReturnManagement has communicated that they will return no less than 75% of FY2024 non-GAAP net income to shareholders in FY2025, translating to ~12% of its current market cap.
Membership GrowthSVIP members reached 7.5 million in 3Q24, up from 7.4 million in 2Q24, contributing positively.
Promotions And SalesSingles Day promotion was longer with 28 days vs 20 days last year, and GMV growth was solid at 20% yoy.