Chinese shopping army reboots Australian retail
Agents cater to more affluent, health-conscious Chinese consumers willing to pay extra for safe Australian goods
Sydney
IN 2013, student Na Wang began shipping fish oil capsules to China from Sydney to help pay the rent. Now, she's in business, part of a growing army of Chinese shopping agents sending Australian food and diet pills home to feed rampant demand.
Ms Wang, 33, is one of up to 40,000 Chinese daigou in Australia, retail consultants say, using social media and mobile payment apps to buy goods to order for mainland China customers. While daigou first made waves in the West shipping luxuries from Europe like Gucci handbags, the new Australia breed deals in "white gold" - baby milk formula - and other consumer staples.
More affluent, health-conscious Chinese shoppers want safe Australian goods, a trend stoked by tainted China food supply scandals. This year, brands like formula maker A2 Milk have begun exploring ways to harness the growth of daigou, rather than compete with them, targeting cross-bor…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Amazon to push cashierless shopping tech into more third-party stores, while backing off itself
Japan’s Uniqlo opens Rome store as part of European expansion
Abbott beats quarterly profit estimates on strong medical device sales
Adidas shares surpass two-year high as 'terrace' sneaker trend boosts brand heat
LVMH’s first quarter sales growth slips to 3% on luxury slowdown
US Justice Department to file antitrust suit against Live Nation: WSJ