Miniso Group Holding Ltd., which opened its first retail store in 2013, sells everything from cosmetics to home decor heavily influenced by Japanese design. As of 2022, over 95% of its products were priced under $7. Or consider how one gets caffeinated in the morning. Instead of going to Starbucks Corp., one can stop by Luckin Coffee Inc., where customers can buy a latte or an americano for just $1.40.
But madam what about groceries or rent???