a2 Milk sold into China through thousands of individual travellers it had no contract with. When borders closed, the channel vanished overnight – and the company could not see it coming.
Startup · Topic
Expert guides, analysis and tool comparisons on Australia Company Stories from the kurums.com Startup desk — written for business decision-makers and updated as the market moves.
a2 Milk sold into China through thousands of individual travellers it had no contract with. When borders closed, the channel vanished overnight – and the company could not see it coming.
A record 1,545,784 tonnes exported in 2025 across four large markets, none above 30%. Why beef absorbed the same Chinese trade shock that nearly broke the wine industry.
China’s tariffs removed Penfolds’ best market overnight. When they lifted in 2024, the recovery disappointed – and by December 2025 Treasury Wine shares hit an eleven-year low. Why reopening is not recovering.
Every constraint that should have stopped Australia building software companies became a selection mechanism. Why a small market, long distances and scarce capital produced unusually disciplined businesses.
Airwallex raised at around US$11 billion in May 2026 with roughly US$1.5 billion in ARR. How a Melbourne startup built regulated payments infrastructure across dozens of jurisdictions.
Afterpay listed at A$100 million and sold to Block for around US$29 billion by operating outside consumer credit law. From June 2025 that gap closed – and the sector changed shape.
Melanie Perkins was rejected by more than a hundred investors. Canva now has 150 million users and around US$4 billion in ARR. The product decision that made it possible, and the AI threat to it.
Atlassian priced Jira low enough that engineers could buy it without procurement, and grew to US$5.22 billion in revenue. Why product-led growth worked, and why it eventually was not enough.
Australian newspapers deliberately cannibalised their print classifieds to build digital ones – and produced two of the world’s best marketplaces. Why the number one platform captures nearly everything.
Nine sold Domain for A$1.4 billion, News Corp sold Foxtel for A$3.4 billion, and newsrooms shrank. Where Australian media money went and what the News Bargaining Incentive tries to fix.
Australia built a wholesale-only broadband monopoly, then swapped fibre for copper to save money, and is now paying to put the fibre back. The structural reform worked; the execution is the lesson.
A data breach, a national outage and a firewall upgrade that broke emergency calls for 13 hours. How Optus’s failures reshaped Australian privacy law and telecommunications regulation.