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$400m !!! Yes!! Getting a little worried are you that AU8 might...

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Bosswhat

1,197 Posts.

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19/11/18

08:15

Post #: 36551621
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Originally posted by MMWA ↑

Originally posted by towkay
MMWA, I don't think you get it. I am not surprised because you sit at the other side of the fence. Undoubtedly, Australia and China FTA is doing all they can because Australia needs China to buy its products. Through those channels, the big problem is, by the time the product reaches China, dozens of middle agents, distributors and importers would have taken their fair share of the cut and the Chinese consumers will be the one who flog out for the largely added costs - (even with zero tariff).

The AU8 model has no such middle man suckers. The daigao are workers that AU8 do not even pay them. They only get free training from AU8 daigao hub. They are like ants, ferrying whatever people in China want. They charge them for a small fees and they are happy. Many of them are just students, amateur and Mums at home doing a little job on the side. Further, AU8 has shops that they team up with travel agents (eg Ctrip - one of the largest online travel in China) to direct tourists coming to visit Sydney into their stores as one a stop shopping centre. They choose what they want to buy and AU8 courier it for them back to China. Light travelers. clear.pngclear.png

Between all these, AU8 did 10.5m business in first year of operation. The number speaks for itself ayh! Did your company do 10.5m business in their first year of operation?? Maybe they did.
I wish your export company good luck but I believe AU8 will bite a big chunk out of your business sooner or later. clear.png

Who cares as long as Australia is selling their products!! yeah!!
Thanks for the reply mate!

Two points:

"
Through those channels, the big problem is, by the time the product reaches China, dozens of middle agents, distributors and importers would have taken their fair share of the cut and the Chinese consumers will be the one who flog out for the largely added costs"

This is not correct as companies (like the one I work with) are cutting those middle agents and distributors out altogether. We have recently set up three hubs of our own in China that allow us to transport and distribute our product directly to businesses and consumers.

"Between all these, AU8 did 10.5m business in first year of operation. The number speaks for itself ayh! Did your company do 10.5m business in their first year of operation?? Maybe they did. "

Last year we did a little over $400m of direct imports to China.

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$400m !!! Yes!! Getting a little worried are you that AU8 might take a chunk of that??
Or is there plenty for everyone to go around!!
You come on here and Pooh Pooh their model yet their isn’t too many companies that have achieved what they have in 12 months of public life. They have done exactly what they said they would. For people like me who got in on the float we are at 4 bags. I’ll take that any time, sure should have sold at 10 bags but I believe this company will pass that eventually. People got burnt by jumping in on hype, that’s not the directors fault.

AU8 Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

2 Great analysis

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