Tmall sells Bubs $150 per can

https://unauthorised investment adv...29pc-deal-sell-goat-formula-via-china-e-mall/

Bubs Australia jumped 29 per cent on Monday after the infant formula maker announced it would sell its new goat milk product via China’s biggest online shopping portal, Alibaba’s Tmall.
Bubs (ASX:BUB) shares gained 19c to 83c on the news. More than 32 million shares changed hands.
Bubs will sell its goat milk infant formula, organic baby cereal and teething rusks through Chemist Warehouse’s storefronts on Tmall.
Tmall is said to account for more than half of China’s retail e-commerce market.
Chinese demand for Australian infant formula is so high that prices can reach more than five times the local price.
Tmall sells an 800g tin of Bubs’ signature organic infant milk powder for 799 yuan (roughly $150) compared to just $33 in Australia.
Bubs shares are trading six times higher than they were in June.