INFANT FORMULA
Devastated Daigou business severely impacts overseas baby formula sales
BY Shine HuOct 23, 2020
Danone infant formula sales in China through cross-border channels contracted sharply by 60%, given the continuous border closure and reduced tourism with mainland China. a2 lowered its fiscal 2021 performance expectations due to the continuous contraction of Daigou* channel sales in China.
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Performance of giants declined

This week, Danone released third-quarter sales [1], revealing baby formula business changes in the Chinese market.

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Shine Hu
ChemLinked Research Analyst
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