3, New York Jets) and Josh Allen (No. 7, Buffalo). Why didn’t that happen? Look no further than the second part of Rosen’s quote to NFL Network.. The company was also a share market darling, thanks to its popularity with Chinese parents willing to pay a premium for the organic, Tasmanian made product in such high demand that supermarket shelves in Sydney and Melbourne were cleared of stock to be shipped overseas.But all that changed abruptly when Bellamy announced that its profit guidelines had been too optimistic.Despite more than doubling its year on year sales for Chinese online shopping event Single Day on November 11, the $93 million worth of revenue short of expectations Managing Director Laura McBain confessed in a market update on Friday.Investors responded by dumping Bellamy stocks, wiping 45 per cent off the share price on Monday knocking more than $500 million from its market capitalisation in just over an hour. It came after Ms McBain and chairman Rob Woolley sold off a combined $5 million worth of company shares in August.A joint venture between vitamin maker Blackmores and Bega Cheese, who paired up to supply baby formula to China, has also been hit; Bega shares fell by almost 30 per cent after it was revealed that sales of its product, too, fell short of expectations.So is the gold boom over? Has the Chinese fad for and green Australian products finally come to an end?FICKLE WORLD OF THE DAIGOUBellamy performance on Single Day, Alibaba 24 hour online shopping festival, is only part of the picture, said marketing expert Ben Sun of Think China.The product waning popularity with daigou shoppers has also contributed lower than expected sales.Daigou are online traders who recommend and ship products to family and friends in China, adding a commission onto the retail price including baby formula tins sold for as much as $200 as demand reached its peak.They use local social media platforms to promote their wares, and command a broad influence, with 60 per cent of Chinese consumers shopping through dagoui.And while catering to these channels is essential for any business that wants to sell into China, dagoui shoppers can be perilously fickle.With zero brand loyalty and no obligation to companies like Bellamy daigou are drawn to products that are not just in high demand, but which they can onsell at a hefty profit.need to understand the dymanic of this model, Mr Sun said. Daigou, it is demand and margin driven.
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