Expanding overseas isn't just about being cheap; being able to raise prices is the real skill.

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AnalystShuQin
Miaoxue Bingcheng is awesome! It’s exploding in Australia, with prices nearly matching Starbucks, and foreigners are lining up to buy... It’s so surreal.
This week, Benqin is traveling in Australia with his parents and discovered that Chinese brands have already taken up half the market, and their prices are not low.
Shopping malls are full of Miaoxue Bingcheng and Haidilao, people are scrolling TikTok on their phones, and on the streets, BYD and Haval are everywhere — very popular in Australia.
Of course, what shocked Benqin the most was that the staff at Miaoxue Bingcheng in Australia are not hired Chinese or international students, but local white Australians.
A cup of milk tea costs as much as 7 dollars, which is almost the same as Starbucks’ 8-dollar cup in the picture below.
It seems Miaoxue is going for a high-end route in Australia, making foreigners stunned.
Australia has a small native population, but there are many Chinese people, constantly immigrating.
Every city has large Chinese communities.
I think Australia must be a very comfortable country for Chinese immigrants to live in, unlike the US, which has guns and Black Americans.
In the future, if the crypto market makes money, young people can immigrate, or older ones can send their children to study abroad and immigrate.
Everyone can consider this place~
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