Feel very sorry for anyone who bought in to the hype around this retail "re-seller"....
Their business model is fundamentally flawed and fails every check on the five forces model:
- high buyer power (i.e. buyers have plenty of options to go elsewhere)
- high supplier power (i.e. the suppliers have plenty of options to supply elsewhere)
- Low barriers to entry (i.e. anyone can set up a daigou shop - and plenty have)
- High number of substitute products (theres a daigou shop on every corner of every capital city)
- High levels of competition (see above - literally hundreds of other daigou shops)
Haven't read their latest report, but I am assuming they still haven't posted a profit and are likely still bleeding cash?
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $15.31M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $221.4K | 30.53M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 5699985 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 3499999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 5699985 | 0.007 |
17 | 10655755 | 0.006 |
22 | 19101901 | 0.005 |
5 | 7800000 | 0.004 |
9 | 19612498 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 3499999 | 2 |
0.009 | 4600000 | 4 |
0.010 | 4191500 | 5 |
0.011 | 1848841 | 3 |
0.012 | 583333 | 2 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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