Shein自營模式-行業數據

Shein自營模式
圖片屬性
圖片格式:PNG 圖片大?。?81KB 圖片尺寸:2291*1136
同報告圖片
 / 70
Shein自營模式_第1頁
fCDmqKHlvI8gfCBTaGVpbuiHquiQpeWVhuWutuaooeW8jyB8ICB8CnwgLS0tIHwgLS0tIHwgLS0tIHwKfCDnsbvlnosgfCBPRE0gfCBPRU0gfCBGT0IgfAp8IOWQiOS9nOW9ouW8jyB8IOS+m+W6lOWVhuaPkOS+m+i0p+WTge+8jHNoZWlu6K6i5Y2V6YeH6LSt5b2i5byP5byA5bGVIHwgIHwgIHwKfCDlkIjkvZzlr7nosaEgfCDlt6XljoLjgIHlt6XotLjkuIDkvZPjgIHotLjmmJPllYbnrYkgfCDlt6XljoLjgIHlt6XotLjkuIDkvZPnrYkgfCDlt6XljoLnrYkgfAp8IOWQiOS9nOS8mOWKvyB8IOiuouWNleeos+Wumu+8jOe7k+eul+WPiuaXtu+8jDDlkIjkvZzotLnnlKjvvIww6L+Q6JCl6Zeo5qeb77yMMOWbvemZheeJqea1gei0ueeUqCB8ICB8ICB8Cnwg5ZCI5L2c6KaB5rGCIHwg5byA5Y+R6K6+6K6h6IO95Yqb5by6IHwg55yL5Zu+5omT54mI6IO95Yqb5by6IHwg55Sf5Lqn566h55CG6IO95Yqb5by6IHwKfCDlkIjkvZznibnngrkgfCDlsI/ljZXlv6vlj43jgIHngbXmtLvlpIfotKfjgIHmjqXlj5forqLljZXliLYv546w6LSn5Yi2IHwg5YyF5bel5YyF5paZ77yM5bCP5Y2V5b+r5Y+N77yM5Y2V6YeP56iz5a6aIHwgIHwKfCDlkIjkvZzlk4HnsbsgfCDmiJDooaPvvIjmnI3oo4XvvInlk4HnsbvvvIzljIXmi6zlpbPoo4XjgIHnlLfoo4XjgIHnq6Xoo4XnrYkgfCAgfCAgfAp8IOiuvuiuoeaJk+advyB8IFNIRUlO5Lmw5omL6YCJ5qy+77yM5L6b5bqU5ZWG6YWN5ZCIIFNIRUlO5Lqn5ZOB5byA5Y+R5bm25omT54mIIHwg5Lmw5omLL+iuvuiuoeW4iOe7measvu+8jOS+m+W6lOWVhueci+WbvuaJk+eJiCB8IFNIRUlO5o+Q5L6b57q45qC35ZKM5qC36KGjIHwKfCDpnaLmlpnph4fotK0gfCDpg6jliIblrprph4cgfCDpg6jliIblrprph4cgfCDlhajpg6jlrprph4cgfAp8IOS6p+WTgeaLjeaRhCB8IOmcgOacieiHquS4u+aLjeaRhOiDveWKmyB8IOmDqOWIhueUseWVhuWutuaLjeaRhCB8IOaXoOmcgOaLjeaRhCB8Cnwg5piv5ZCm6ZyA6KaB6aqM5Y6CIHwg5pivIHwg5pivIHwg5pivIHwKfCDnianmtYHlsaXnuqYgfCDkuozmlrnnianmtYHpgIHotKfkuLrkuLsgfCDkuInmlrnnianmtYHpgIHotKfkuLrkuLsgfCDkvpvlupTllYboh6rpgIHotKfkuLrkuLsgfAp8IOe7k+asvuWRqOacnyB8IOaciOe7k++8jOacgOefreWPr+iwg+aVtOiHs+WRqOe7kyB8IOaciOe7k++8jOacgOefreWPr+iwg+aVtOiHs+WRqOe7kyB8IOaciOe7k++8jOacgOefreWPr+iwg+aVtOiHs+WPjOWRqOe7kyB8Cnwg6LSn5qy+57uT566XIHwg5L6d5o2u6K6i5Y2V5oiQ5Yqf5YWl5LuT6LSn6YeP57uT566XIHwgIHwgIHwKfCDotKfmnJ/opoHmsYIgfCDotKfmnJ8xMC0xNeWkqe+8jDEwMC01MDDku7Yv5Y2V5bCP5Y2V5b+r6L+UIHwg6LSn5pyfOS0xOOWkqSB8IOi0p+acnzctMTjlpKnvvIwxMDAtNTAw5Lu2L+WNleWwj+WNleW/q+WPjSB8CgrotYTmlpnmnaXmupDvvJpTSEVJTuWumOe9keOAgVNIRUlO5YWs5LyX5Y+344CB6bqm6auY6K+B5Yi456CU56m25Y+R5bGV6YOo
Shein自營模式_第2頁
fCDlnLDljLogfCDlupTnlKggfCDkuIvovb3ph4/vvIjkur/vvIkgfCDnjq/mr5Tlop7pgJ/vvIgl77yJIHwKfCAtLS0gfCAtLS0gfCAtLS0gfCAtLS0gfAp8IOWMl+e+jiB8IFRlbXUgfCAwLjg0NiB8IDg0NiUgfAp8IOWMl+e+jiB8IFNoZWluIHwgMC40NyB8IDQ3JSB8Cnwg5YyX576OIHwgQWxpYmFiYSB8IDAuMDYgfCA2JSB8Cnwg5YyX576OIHwgQWxpRXhwcmVzcyB8IDAuNDIgfCA0MiUgfAp8IOasp+a0siB8IFRlbXUgfCAwLjkzMCB8IDkzMDAwJSB8Cnwg5qyn5rSyIHwgU2hlaW4gfCAwLjUwIHwgNTAlIHwKfCDmrKfmtLIgfCBBbGlFeHByZXNzIHwgMC40OCB8IDQ4JSB8Cnwg5qyn5rSyIHwgVHJlbmR5b2wgfCAtMC4wMiB8IC0yJSB8Cnwg5Lic5Y2X5LqaIHwgTGF6YWRhIHwgMC42MCB8IC0zJSB8Cnwg5Lic5Y2X5LqaIHwgVGlrdG9rIFNob3AgfCAwLjIwIHwgMjA2JSB8Cnwg5Lic5Y2X5LqaIHwgU2hlaW4gfCAwLjM1IHwgMzUlIHwKfCDkuJzljZfkupogfCBBbGliYWJhIHwgMC4wNSB8IDUlIHwKCui1hOaWmeadpea6kO+8muiJvueRnuWSqOivouOAgem6pumrmOivgeWIuOeglOeptuWPkeWxlemDqO+8jOazqO+8muaVsOaNruS4uiBBcHBTdG9yZSDlkowgR29vZ2xlIFBsYXkg5bqU55So5ZWG5bqX5Lit55qE5LiL6L296aKE5Lyw5YC877yM5LiN5ZCr6aKE5LiL6L2944CB6YeN5aSN5LiL6L295ZKM56ys5LiJ5pa544CC
Shein自營模式_第3頁
fCDlm73lrrYv5Zyw5Yy6IHwg55S15ZWG6KeE5qih5aKe6ZW/546HICglKSB8IOeUteWVhuinhOaooea4l+mAj+eOhyAoJSkgfAp8IC0tLSB8IC0tLSB8IC0tLSB8Cnwg6I+y5b6L5a6+IHwgMjUgfCA0MCB8Cnwg5Y2w5bqmIHwgMjAgfCAzNSB8Cnwg5Y2w5bC8IHwgMTggfCAzMCB8Cnwg6ams5p2l6KW/5LqaIHwgMTUgfCAyNSB8Cnwg5rOw5Zu9IHwgMTIgfCAyMCB8Cnwg6LaK5Y2XIHwgMTAgfCAxNSB8Cnwg6Z+p5Zu9IHwgOCB8IDEwIHwKfCDnvo7lm70gfCA3IHwgNSB8Cnwg5YWo55CDIHwgNSB8IDAgfAoK6LWE5paZ5p2l5rqQOiBFbWFya2V0ZXLjgIHpuqbpq5jor4HliLjnoJTnqbblj5HlsZXpg6g=
Shein自營模式_第4頁
fCDlnLDljLogICB8IOWinumAnyB8IOa4l+mAj+eOhyB8CnwtLS0tLS0tLXwtLS0tLS18LS0tLS0tLS18Cnwg5Lqa5aSqICAgfCAxMCUgIHwgOTAlICAgIHwKfCDopb/mrKcgICB8IDUlICAgfCA1MCUgICAgfAp8IOWMl+e+jiAgIHwgMTAlICB8IDQwJSAgICB8Cnwg5ouJ5LiB576O5rSyIHwgMTUlICB8IDYwJSAgICB8Cnwg5Lit5Lic5ZKM6Z2e5rSyIHwgMTUlICB8IDcwJSAgICB8Cnwg5Lic5Y2X5LqaIHwgMTUlICB8IDYwJSAgICB8CgrotYTmlpnmnaXmupDvvJpFbWFya2V0ZXLjgIHpuqbpq5jor4HliLjnoJTnqbblj5HlsZXpg6g=
Shein自營模式_第5頁
fCDlm73lrrYv5Zyw5Yy6IHwg5Y2g5q+UIHwKfCAtLS0gfCAtLS0gfAp8IOe+juWbvSB8IDQwJSB8Cnwg6Iux5Zu9IHwgMTUlIHwKfCDlvrflm70gfCAxMCUgfAp8IOazleWbvSB8IDUlIHwKfCDlhbbku5YgfCAzMCUgfAoK6LWE5paZ5p2l5rqQ77ya5Lit5Zu95rW35YWz5oC7572y44CB6bqm6auY6K+B5Yi456CU56m25Y+R5bGV6YOo
Shein自營模式_第6頁
fCDlubTku70gfCDnvo7lm73nlLXllYbpm7bllK7pop3vvIjljYHkur/nvo7lhYPvvIkgfCDnlLXllYbljaDmgLvkvZPpm7bllK7pop3mr5TvvIgl77yJIHwKfC0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwKfCAyMDE1IHwgNDAwICAgICAgICAgICAgICAgICAgICAgICAgIHwgNiAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDE2IHwgNTAwICAgICAgICAgICAgICAgICAgICAgICAgIHwgNyAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDE3IHwgNjAwICAgICAgICAgICAgICAgICAgICAgICAgIHwgOCAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDE4IHwgNzAwICAgICAgICAgICAgICAgICAgICAgICAgIHwgOSAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDE5IHwgODAwICAgICAgICAgICAgICAgICAgICAgICAgIHwgMTAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDIwIHwgOTAwICAgICAgICAgICAgICAgICAgICAgICAgIHwgMTIgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDIxIHwgMTAwMCAgICAgICAgICAgICAgICAgICAgICAgIHwgMTQgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDIyIHwgMTEwMCAgICAgICAgICAgICAgICAgICAgICAgIHwgMTYgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDIzIHwgMTIwMCAgICAgICAgICAgICAgICAgICAgICAgIHwgMTggICAgICAgICAgICAgICAgICAgICAgIHwKCui1hOaWmeadpea6kO+8mkNlbnN1c+OAgem6pumrmOivgeWIuOeglOeptuWPkeWxlemDqA==
Shein自營模式_第7頁
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
Shein自營模式_第8頁
fCDlubTku70gfCDnvo7lm73mtojotLnogIXkurrlnYfnlLXllYbmtojotLnph5Hpop3vvIjnvo7lhYPvvIkgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfAp8IDIwMTcgfCAyMDAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTggfCAyMDAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTkgfCAyNTAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjAgfCAzMDAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjEgfCAzNTAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjIgfCA0MDAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yaUmV0YWlsWOOAgem6pumrmOivgeWIuOeglOeptuWPkeWxlemDqA==
Shein自營模式_第9頁
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
Shein自營模式_第10頁
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
Shein自營模式_第11頁
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
Shein自營模式_第12頁
fCDlubTku70gfCDlhajnkIPnlLXllYbluILlnLrop4TmqKHvvIjkuIfkur/nvo7lhYPvvIkgfCBZT1nvvIgl77yJIHwg55S15ZWG5Y2g6Zu25ZSu5oC76aKd5q+UIHwKfC0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLXwKfCAyMDE5IHwgMy41ICAgICAgICAgICAgICAgICAgICAgICAgIHwgNSAgICAgICAgfCAyMCAgICAgICAgICAgICAgIHwKfCAyMDIwIHwgNC41ICAgICAgICAgICAgICAgICAgICAgICAgIHwgNyAgICAgICAgfCAyNSAgICAgICAgICAgICAgIHwKfCAyMDIxIHwgNS4wICAgICAgICAgICAgICAgICAgICAgICAgIHwgNSAgICAgICAgfCAyNSAgICAgICAgICAgICAgIHwKfCAyMDIyIHwgNS41ICAgICAgICAgICAgICAgICAgICAgICAgIHwgNSAgICAgICAgfCAyNSAgICAgICAgICAgICAgIHwKfCAyMDIzIHwgNi4wICAgICAgICAgICAgICAgICAgICAgICAgIHwgNSAgICAgICAgfCAyNSAgICAgICAgICAgICAgIHwKfCAyMDI0RSB8IDYuNSAgICAgICAgICAgICAgICAgICAgICAgICB8IDUgICAgICAgIHwgMjUgICAgICAgICAgICAgICB8CnwgMjAyNUUgfCA3LjAgICAgICAgICAgICAgICAgICAgICAgICAgfCA1ICAgICAgICB8IDI1ICAgICAgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yaRW1hcmtldGVy44CB6bqm6auY6K+B5Yi456CU56m25Y+R5bGV6YOo
Shein自營模式_第13頁
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
Shein自營模式_第14頁
fCDnsbvliKsgICAgICAgICB8IOmUgOWUruWNoOavlCB8CnwtLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tfAp8IOacjeijhemFjemlsCAgICAgfCA1MCUgICAgICB8Cnwg54mp55CG5aSa5aqS5L2TICAgfCA0MCUgICAgICB8Cnwg6aSQ6aWu5pyN5YqhICAgICB8IDMwJSAgICAgIHwKfCDljJblpoblk4HjgIHnvo7lrrnlgaXlurcgfCAyNSUgICAgICB8Cnwg5a625bGF55So5ZOBICAgICB8IDIwJSAgICAgIHwKfCDkvZPogrLnlKjlk4EgICAgIHwgMTUlICAgICAgfAp8IOeUteiEkeOAgeaJi+acuuWSjOmFjeS7tiB8IDEwJSAgICAgIHwKfCDoja/nianlkozohrPpo5/ooaXlhYXliYIgfCAxMCUgICAgICB8Cnwg5YS/56ul546p5YW3ICAgICB8IDEwJSAgICAgIHwKfCDpo5/lk4Hppa7mlpkgICAgIHwgMTAlICAgICAgfAp8IOa2iOi0ueeUteWtkCAgICAgfCAxMCUgICAgICB8CgrotYTmlpnmnaXmupDvvJpFVVJPUEVBTiBFLUNPTU1FUkNFIFJFUE9SVCAyMDIz44CB6bqm6auY6K+B5Yi456CU56m25Y+R5bGV6YOo
Shein自營模式_第15頁
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
Shein自營模式_第16頁
fCDlubTku70gfCDnlLXllYbluILlnLpHTVbvvIjljYHkur/nvo7lhYPvvIkgfCDnlLXllYbluILlnLrmlLblhaXvvIjljYHkur/nvo7lhYPvvIkgfCBHTVYgWU9ZICglKSB8IOaUtuWFpVlPWSAoJSkgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tfAp8IDIwMjEgfCAxMDAgICAgICAgICAgICAgICAgICAgICAgfCAyMCAgICAgICAgICAgICAgICAgICAgICAgfCAyNSAgICAgICAgICAgfCAxNSAgICAgICAgICAgfAp8IDIwMjIgfCAxMjAgICAgICAgICAgICAgICAgICAgICAgfCAyNSAgICAgICAgICAgICAgICAgICAgICAgfCAyMCAgICAgICAgICAgfCAxMCAgICAgICAgICAgfAp8IDIwMjMgfCAxNDAgICAgICAgICAgICAgICAgICAgICAgfCAzMCAgICAgICAgICAgICAgICAgICAgICAgfCAxNSAgICAgICAgICAgfCA1ICAgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yaQmFpbuOAgem6pumrmOivgeWIuOeglOeptuWPkeWxlemDqA==
Shein自營模式_第17頁
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
Shein自營模式_第18頁
Shein自營模式_第19頁
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
Shein自營模式_第20頁
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
Shein自營模式_第21頁
Shein自營模式_第22頁
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
Shein自營模式_第23頁
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
Shein自營模式_第24頁
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
Shein自營模式_第25頁
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
Shein自營模式_第26頁
fCDml7bpl7QgfCDkuprpqazpgIrkuK3lm73pobbnuqfljZblrrbljaDmr5QgfAp8IC0tLSB8IC0tLSB8CnwgMjAxNeW5tCB8IDEwJSB8CnwgMjAxNuW5tCB8IDE1JSB8CnwgMjAxN+W5tCB8IDIwJSB8CnwgMjAxOOW5tCB8IDI1JSB8CnwgMjAxOeW5tCB8IDMwJSB8CnwgMjAyMOW5tCB8IDM1JSB8CnwgMjAyMeW5tCB8IDQwJSB8CnwgMjAyMuW5tCB8IDQ1JSB8CgrotYTmlpnmnaXmupDvvJpNYXJrZXRwbGFjZSBQdWxzZeOAgem6pumrmOivgeWIuOeglOeptuWPkeWxlemDqO+8jOazqO+8muaMh+agh+ezu+e+juWbvQ==
Shein自營模式_第27頁
Shein自營模式_第28頁
Shein自營模式_第29頁
Shein自營模式_第30頁
Shein自營模式_第31頁
Shein自營模式_第32頁
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
Shein自營模式_第33頁
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
Shein自營模式_第34頁
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
Shein自營模式_第35頁
Shein自營模式_第36頁
Shein自營模式_第37頁
Shein自營模式_第38頁
Shein自營模式_第39頁
Shein自營模式_第40頁
fCDkuqflk4EgICAgICAgICB8IEFtYXpvbiAgfCBUZW11ICAgIHwgU2hlaW4gICB8IFRpa3RvayBTaG9wIHwKfC0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLXwtLS0tLS0tLS18LS0tLS0tLS0tfC0tLS0tLS0tLS0tLS18Cnwg57Sn6Lqr54mb5LuU6KOk5aWzIHwgJDI4LTM2ICB8ICQ4LTEyICAgfCAkMjAtMjggIHwgJDMwLTM0ICAgICAgfAp8IOi3kemeiyAgICAgICAgIHwgJDM1LTQyICB8ICQ1LTggICAgfCAkNy0xNiAgIHwgJDE4LTI4ICAgICAgfAp8IFTmgaTnlLcgICAgICAgfCAkMjAtMzAgIHwgJDUtOSAgICB8ICQxMS0yNSAgfCAkOS0yMiAgICAgICB8Cnwg5Y+R5aS5ICAgICAgICAgfCAkMy01ICAgIHwgJDAuNC0wLjh8ICQxLTMgICAgfCAkMS0yICAgICAgICB8Cnwg5peg57q/5YWl6ICz5byP6ICz5py6IHwgJDI1LTM1ICB8ICQzLTkgICAgfCAkNS0yNCAgIHwgJDgtMTUgICAgICAgfAp8IOiho+aetiAgICAgICAgIHwgJDItMyAgICB8ICQwLjItMSAgfCAkMS0zICAgIHwgJDItMyAgICAgICAgfAp8IOmmmeeaguebkiAgICAgICB8ICQzLTQgICAgfCAkMC4yLTEuNHwgJDAuOC0yICB8ICQzLTQgICAgICAgIHwKCui1hOaWmeadpea6kO+8mkJleW9uZEZsaWNr44CB6bqm6auY6K+B5Yi456CU56m25Y+R5bGV6YOo
Shein自營模式_第41頁
fCDmqKHlvI8gICAgICAgICB8IFZDIChWZW5kb3IgQ2VudHJhbCkgfCBTQyAoU2VsbGVyIENlbnRyYWwpIHwg5YWo5omY566h5qih5byPIHwKfC0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS18Cnwg5rOo5YaM5pa55byPICAgICB8IOS6mumprOmAiumCgOivtyAgICAgICAgICAgfCDoh6rkuLvms6jlhowgICAgICAgICAgICAgfCDkuprpqazpgIrpgoDor7cgIHwKfCDpgILlkIjljZblrrbnsbvlnosgfCDlpKflk4HniYzvvIzlpKflnovmibnlj5HllYbjgIHliLbpgKDllYbjgIHotLjmmJPllYYgfCDlkITnsbvlpKflnovlj4rlsI/lnovlk4HniYzmlrnjgIHotLjmmJPllYbvvIzmlrDmiYvljZblrrYgfCDkvY7ku7fjgIHkvY7ph43llYblk4HlrprkvY0gfAp8IOWNluWutuWumuS9jSAgICAgfCDkvpvotKfllYYgICAgICAgICAgICAgICB8IOmbtuWUruWVhiAgICAgICAgICAgICAgIHwg6Zu25ZSu5ZWGICAgICB8Cnwg6ZSA5ZSu5a+56LGhICAgICB8IOS6mumprOmAiiAgICAgICAgICAgICAgIHwgQ+err+a2iOi0ueiAhSAgICAgICAgICAgIHwgQ+err+a2iOi0ueiAhSAgfAp8IOS6mumprOmAiuiBjOi0oyAgIHwg5YWF5b2T6Zu25ZSu5ZWG77yM5LuO5Y2W5a625om56YeP6LSt5Lmw5Lqn5ZOBIHwg5YWF5b2T5bmz5Y+w5pa577yM5bm25o+Q5L6b55u45bqU5pSv5oyBIHwg5YWF5b2T5bmz5Y+w5pa55Y+K6L+Q6JCl5pa5IHwKfCDpgInlk4HmnYMgICAgICAgfCDlubPlj7Dph4fotK3kuLrlr7zlkJEgICAgICAgfCDoh6rkuLvpgInlk4EgICAgICAgICAgICAgfCDoh6rkuLvpgInlk4EgICB8Cnwg5Lqn5ZOB5a6a5Lu3ICAgICB8IOW5s+WPsOi0n+i0oyAgICAgICAgICAgICB8IOWNluWutui0n+i0oyAgICAgICAgICAgICB8IOWNluWutui0n+i0oyAgIHwKfCDlupPlrZjopoHmsYIgICAgIHwg5bmz5Y+w57uf5LiA6YeH6LSt77yM6ZyA5pyJ5rW35aSW5bqT5a2YIHwg5Lqa6ams6YCK5Lit5Zu95LuT5bqT5oiW5rW35aSW5LuTIHwg5Lqa6ams6YCK5Lit5Zu95LuT5bqTIHwKfCDov5DokKXmiJDmnKwgICAgIHwg5LitICAgICAgICAgICAgICAgICAgIHwg6auYICAgICAgICAgICAgICAgICAgIHwg5L2OICAgICAgICAgfAp8IOS7k+WCqOeJqea1gSAgICAgfCDlubPlj7DotJ/otKMgICAgICAgICAgICAgfCDljZblrrbotJ/otKPvvIzlj6/oh6rkuLvpgInmi6nnrKzkuInmlrnnianmtYHmiJbkuprpqazpgIrlrpjmlrlGQkEgfCDljZblrrbotJ/otKPlpLTkuZjov5DovpPvvIzkuprpqazpgIrotJ/otKPlkI7nu63ku5Plgqjov5DovpMgfAp8IOW5v+WRiuaKleaUviAgICAgfCDlpJrnp43lub/lkYrpgInpobkgICAgICAgICB8IOaciemZkOW5v+WRiumAiemhuSAgICAgICAgIHwg5bmz5Y+w6LSf6LSjICAgfAp8IOa0u+WKqOWPguS4jiAgICAgfCDmnInmnYPlj4LkuI4gICAgICAgICAgICAgfCDmnInmnYPlj4LkuI4gICAgICAgICAgICAgfCDmnInmnYPlj4LkuI4gICB8Cnwg5pel5bi46L+Q6JClICAgICB8IOW5s+WPsOi/kOiQpSAgICAgICAgICAgICB8IOWNluWutui/kOiQpSAgICAgICAgICAgICB8IOW5s+WPsOi/kOiQpSAgIHwKfCDlrqLmiLfmnI3liqEgICAgIHwg5bmz5Y+w6LSf6LSjICAgICAgICAgICAgIHwg5Y2W5a626LSf6LSjICAgICAgICAgICAgIHwg5bmz5Y+w6L+Q6JClICAgfAp8IOiHquS4u+adgyAgICAgICB8IOS9jiAgICAgICAgICAgICAgICAgICB8IOmrmCAgICAgICAgICAgICAgICAgICB8IOS4rSAgICAgICAgIHwKfCDlm57mrL7lkajmnJ8gICAgIHwgMzAtOTDlpKkgICAgICAgICAgICAgIHwgMTTlpKkgICAgICAgICAgICAgICAgIHwgLSAgICAgICAgICB8CgrotYTmlpnmnaXmupDvvJpEZWFs6K+044CB6Zuo5p6c572R44CB6bqm6auY6K+B5Yi456CU56m25Y+R5bGV6YOo
Shein自營模式_第42頁
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
Shein自營模式_第43頁
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
Shein自營模式_第44頁
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
Shein自營模式_第45頁
Shein自營模式_第46頁
Shein自營模式_第47頁
Shein自營模式_第48頁
Shein自營模式_第49頁
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
Shein自營模式_第50頁
Shein自營模式_第51頁
Shein自營模式_第52頁
6YeR6aKdIHwg5o+P6L+wIHwKfCAtLS0gfCAtLS0gfAp8ICQxMDAgfCDkvJjmg6DliLjljIUgfAp8ICQyMCB8IOS8mOaDoOWIuCB8CnwgJDIwIHwg5LyY5oOg5Yi4IHwKfCAkNTAgfCDkvJjmg6DliLggfAoK6LWE5paZ5p2l5rqQ77ya5Lq/5b+G44CB6bqm6auY6K+B5Yi456CU56m25Y+R5bGV6YOo
Shein自營模式_第53頁
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
Shein自營模式_第54頁
fCDlubTku70gfCDlhajnkINCMkPot6jlooPnlLXllYbluILlnLrop4TmqKHvvIjljYHkur/nvo7lhYPvvIkgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfAp8IDIwMjEgfCAxMDAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMzBFfCA4MDAwICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yac3RhdGlzdGHjgIHpuqbpq5jor4HliLjnoJTnqbblj5HlsZXpg6g=
Shein自營模式_第55頁
fCDpobnnm64gICAgICAgICB8IOS6mumprOmAilND5qih5byPIHwgVGVtdeWFqOaJmOeuoeaooeW8jyB8CnwtLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tfAp8IOS6p+WTgeaIkOacrCAgICAgfCAyMCUtMzAlICAgICAgfCAyMCUtMzAlICAgICAgICB8Cnwg5bmz5Y+w5L2j6YeRICAgICB8IDglLTE1JSAgICAgICB8IDglLTE1JSAgICAgICAgIHwKfCDnianmtYHotLnnlKggICAgIHwgMTIlLTIwJSAgICAgIHwgMTIlLTIwJSAgICAgICAgfAp8IOS6pOaYk+a1geawtOi0uSAgIHwgMiUtMTAlICAgICAgIHwgMiUtMTAlICAgICAgICAgfAp8IOmAgOi0p+WkhOeQhiAgICAgfCA1JS0xMCUgICAgICAgfCA1JS0xMCUgICAgICAgICB8Cnwg5bm/5ZGK6LS555SoICAgICB8IDE1JS0zMCUgICAgICB8IDE1JS0zMCUgICAgICAgIHwKfCDljZblrrbliKnmtqYgICAgIHwgICAgICAgICAgICAgIHwgICAgICAgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yaS0lUQ0hFTiBNQU1B44CB6bqm6auY6K+B5Yi456CU56m25Y+R5bGV6YOo
Shein自營模式_第56頁
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
Shein自營模式_第57頁
fCDkuqTku5jmlrnlvI8gfCDotLnnlKggfCDkuqTotKfml7bpl7QgfAp8IC0tLSB8IC0tLSB8IC0tLSB8Cnwg5qCH5YeG6L+Q6L6TIHwg5omA5pyJ6K6i5Y2V5YWN6LS5IHwgNi0yMuWkqSB8Cnwg54m55b+r6L+Q6L6TIHwgJDEyLjkw77yI6K6i5Y2VPCQxMjkuMDDvvInvvJvlhY3ov5DotLnvvIjorqLljZXiiaUkMTI5LjAw77yJIHwgNC0xMeWkqSB8CgrotYTmlpnmnaXmupDvvJrlhazlj7jlrpjnvZHjgIHpuqbpq5jor4HliLjnoJTnqbblj5HlsZXpg6g=
Shein自營模式_第58頁
Shein自營模式_第59頁
Shein自營模式_第60頁
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
Shein自營模式_第61頁
Shein自營模式_第62頁
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
Shein自營模式_第63頁
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
Shein自營模式_第64頁
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
Shein自營模式_第65頁
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
Shein自營模式_第66頁
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
Shein自營模式_第67頁
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
Shein自營模式_第68頁
Shein自營模式_第69頁
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
Shein自營模式_第70頁
fCDnsbvliKsgICAgICAgfCBCMkPnlLXllYYgfCBCMkLnlLXllYYgfAp8LS0tLS0tLS0tLS0tfC0tLS0tLS0tLXwtLS0tLS0tLS18Cnwg5pyN6aWw6Z6L5bGlICAgfCAyNSUgICAgIHwgMzAlICAgICB8CnwgM0PnlLXlrZAgICAgIHwgMjAlICAgICB8IDE1JSAgICAgfAp8IOWutuWxhSAgICAgICB8IDE1JSAgICAgfCAyMCUgICAgIHwKfCDmiLflpJYgICAgICAgfCAxMCUgICAgIHwgMTAlICAgICB8Cnwg576O5aaGICAgICAgIHwgMTAlICAgICB8IDEwJSAgICAgfAp8IOWFtuS7liAgICAgICB8IDIwJSAgICAgfCAxNSUgICAgIHwKCui1hOaWmeadpea6kO+8muiJvueRnuWSqOivouOAgem6pumrmOivgeWIuOeglOeptuWPkeWxlemDqA==
Shein自營模式_第71頁
fCDlubPlj7AgICAgICAgfCDlubPlnYfmnIjmtLvvvIjkur/kurrvvIkgfCDkuIvovb3ph4/vvIjkuIfmrKHvvIkgfAp8LS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tfAp8IEFtYXpvbiAgICAgfCA1LjAgICAgICAgICAgICAgIHwgMTUwMDAgICAgICAgICAgfAp8IFNob3BlZSAgICAgfCAzLjUgICAgICAgICAgICAgIHwgMTIwMDAgICAgICAgICAgfAp8IEZsaXBrYXJ0ICAgfCAyLjUgICAgICAgICAgICAgIHwgODAwMCAgICAgICAgICAgfAp8IFNoZWluICAgICAgfCAyLjAgICAgICAgICAgICAgIHwgMTAwMDAgICAgICAgICAgfAp8IFRlbXUgICAgICAgfCAxLjUgICAgICAgICAgICAgIHwgMjAwMDAgICAgICAgICAgfAp8IE1lZXNobyAgICAgfCAxLjAgICAgICAgICAgICAgIHwgNjAwMCAgICAgICAgICAgfAp8IEFsaUV4cHJlc3MgfCAwLjggICAgICAgICAgICAgIHwgNTAwMCAgICAgICAgICAgfAp8IExhemFkYSAgICAgfCAwLjUgICAgICAgICAgICAgIHwgNDAwMCAgICAgICAgICAgfAp8IE1lcmNhZG9MaWJyZSB8IDAuMyB8IDMwMDAgfAoK6LWE5paZ5p2l5rqQ77yaTWVldCBpbnRlbGxpZ2VuY2XjgIHpuqbpq5jor4HliLjnoJTnqbblj5HlsZXpg6g=
所屬報告: 跨境電商行業專題:全球電商格局重塑我國跨境平臺御風前行-240923(41頁).pdf
打包全文圖表

相關數據

最新數據

客服
商務合作
小程序
服務號
折疊
午夜网日韩中文字幕,日韩Av中文字幕久久,亚洲中文字幕在线一区二区,最新中文字幕在线视频网站