The IPO was done do that the Lau family could secure their shipping and logistics interests in Australia and NZ.
Any serious tech biz in this space would be a global brand. Take Cargowise for example.
Today the Chinese government announced that "E-commerce" will be allowed on the mainland from foreign entities this will make whatever Ecargo can do or offer redundant from a technology point of view.
Please see the article https://www.internetretailer.com/20...door-foreign-companies-operate-online-portals
The shipping and operational revenue is flowing to Cargo Services Far East the company owned by the Laus.
In other words allot people spent allot of money to use the back door when the front was open for free.
Ecargo Not What It Seems
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ECG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.691M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 48312 | 1 |
View Market Depth
| Last trade - 16.12pm 22/07/2024 (20 minute delay) ? |
| ECG (ASX) Chart |
Day chart unavailable