Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

A2 Milk Company Ltd (ASX:A2M) Update On China CBEC

The A2 Milk Company Ltd (ASX:A2M) released a market update Monday morning in response to changes in Chinese regulation regarding e-commerce sales, known as Cross Border E-Commerce (CBEC).

The A2 Milk Company Ltd (ASX: A2M) released a market update Monday morning in response to changes in Chinese regulation regarding e-commerce sales, known as Cross Border E-Commerce (CBEC).

Australian infant formula companies like a2 Milk, Blackmores Limited (ASX: BKL) and Bellamy’s Australia Ltd (ASX: BAL) have identified China as a key growth market, with some of their products reaching Chinese consumers online, in-store or by direct mailing.

In an announcement to the ASX, a2 Milk noted the recent regulatory changes with regards to China’s domestic and CBEC sales channels. On August 31st a new law was passed in China and comes into effect at the end of this year, although its implementation is not yet fully understood.

“This framework is broad in scope and will apply in respect of all e-commerce activities, both domestic and cross border (CBEC),” a2 Milk Company noted in its public filing.

The company said more details will be released by Chinese authorities in coming months, despite the regulatory ‘grace period’ ending at the beginning of 2019.

a2 Milk Company was light on details but the company said it, “operates a flexible multi-channel multi-product strategy” and “will continue to work proactively with its partners to respond to the new e-commerce law.”

China Store Rollout

In August, a2 Milk Company reported a 115% rise in full-year profit thanks, in part, to growth in the company’s Chinese footprint. a2 Milk Company formula could be found in 10,000 Chinese stores, the company said at the time.

“Significant progress has been achieved in Australia, China and the USA and important emerging market opportunities are starting to materialise,” a2 Milk’s CEO Jayne Hrdlicka said.

[ls_content_block id=”14945″ para=”paragraphs”]

The Australian Investors Podcast

The Rask Group’s Australian Investors Podcast is fast becoming Australia’s #1 podcast for serious investors. It provides unique insights from Australia’s best investors, entrepreneurs, authors and financial thinkers. Download the latest episode free on iTunesCastbox, YouTube or wherever you choose to listen.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content