Just would like to share a few facts for the fellow investor/trader:
Woolworth Tmall website : https://woolworths.tmall.hk/
Fact 1:
As you can see through the link, Woolworth is not only selling select range product but also selling other famous brand milk product such as A2 milk powder and US branded baby formula. And if you check the sales history, there has been increasing volume of sales of A2 milk (about 400 in two weeks and increasing) so it's a good start for the supermarket and cargo.
Fact 2:
If you count the number of product being advertised through T-mall, it's now well over 90, and new product is being introduced progressively. The initial plan to sell 80 products may be just a trial to test the water imo.
Fact 3:
If you check the link, The number of fans for Tmall woolworth is growing from 12k to 18k in last 5 days, signalling a strong increase of site traffic thanks to the marketing campaign.
ECG Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held