A former oil and gas drilling company has resumed trading on the Australian share market under a new name and purpose: selling Australian products to Chinese tourists and “daigou”.
AuMake International sells Australian cosmetics, vitamins, long-life milk, baby products, and wool and leather products through its wholesale warehouses and retail stores.
The company wants to become the leading retail brand for “daigou” and Chinese tourists buying “clean and green” Australian products, and consolidate the highly fragmented number of daigou stores through acquisition.
Daigou means “to purchase on behalf of” in Chinese.
The daigou, who may be Australia residents or visiting Chinese, buy goods on behalf of people in China and …
Read the full article at: http://www.sbs.com.au/news/article/2017/10/05/daigou-retailer-lists-asx