Bubs Australia to Supply Goat Infant Formula to China

  • Nov 06, 2019 AEDT
  • Team Kalkine

Bubs Australia Limited (ASX: BUB) has entered into Master Distribution Agreement with Alibaba Centralised Import Procurement (CIP).

  • It is said that the China goat dairy market is $2 billion in size.
  • The Land, a distribution group, is set to market the products across multiple channels, including Alibaba.
  • BUB expects to ship goat dairy products worth $10 million in the first year.
  • These products include CapriLac® and Deloraine® brands.
  • Alibaba’s Centralised Import Procurement (CIP) initiative has over 700 million active users.

By 1:32 PM AEST, BUB was trading at $1.12, up by 3.7% relative to the previous close.

 

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