A2 Milk chairman David Hearn says the lack of a daigou channel has hurt the company. A2 Milk said it remained committed to the daigou infant formula trade into China, despite it being responsible for clouding its short-term earnings outlook. Chairman David Hearn said there was no doubt that in the short term the lack of a daigou channel had had a major impact on the company. "We launched the business through the daigou channel. "We like the long-term a2 Milk story but we are a little bit cautious about the short term," Lister said.

Source: New Zealand Herald November 18, 2020 05:04 UTC