You just answered your own question in this post...
"How can you explain the thousands (of Daigou stores) that have opened"
AU8 offers NOTHING that is substantially different to the THOUSANDS of competitors you yourself have mentioned.
Cleaner store? Fancier marketing? Stock listing? All that counts for ZILCH when you are a person looking to buy a product at a low price and sell it at a higher price.
Add to that the fact the AU8 has a MUCH higher cost base than these smaller decentralised stores and you have- a BIG centralised store with a HIGH cost base VS smaller decentralised stores that offer EXACTLY THE SAME THING!
IT blows my mind that people can't (or dont want to) understand these basic principles of business!
AU8 Price at posting:
47.0¢ Sentiment: Sell Disclosure: Not Held