Young Chinese Are Looking For Dupes And Cheaper Substitutes For Everything From Hermès To Travel

Robbins and her family relocated to Berlin in May last year. Celia RobbinsCelia Robbins relocated with her family to Berlin after her husband got a job in Germany. Robbins, 37, was surprised to see how independent kids were in Berlin. She said she's learned to let go of her parental anxiety and give her kids more independence.

Hermes; Getty Images; Chelsea Jia Feng/BIChinese consumers are opting for affordable alternatives across various categories to save money. The trend, known as pingti, is driven by economic challenges and is popular among young people. Consumers are finding cheaper substitutes for luxury goods, everyday items, and even healthcare. Chinese consumers are on a budget and they're not just scrimping on fashion.

Mark Cuban warned Elon Musk on X that Donald Trump is only loyal to himself. Christopher Willard/ABC via Getty Images; Alain Jocard/AFP via Getty ImagesElon Musk shared another post on social media expressing support for Donald Trump. Mark Cuban responded that Musk's loyalty to Trump won't be rewarded. Cuban wrote that Trump's "loyalty is only to himself."Mark Cuban warned Elon Musk about supporting Donald Trump in a social media post on Sunday, as the online feud between the two billionaires continues.

OpenAI announced last week it would be restructuring as a for-profit company. AnadoluOpenAI is transitioning to a for-profit company so it can raise billions more in funding. The company has operated under a nonprofit board since its launch, adding a for-profit arm in 2019. It'll need to take several steps as part of this change.

Oregon voters will decide on a corporate tax increase that could give residents a universal basic income. Grace Cary/Getty ImagesOregon residents will soon vote on a corporate tax increase to give them a universal basic income. Businesses have spent millions to oppose the 3% tax on corporate sales over $25 million.

When you buy through our links, Business Insider may earn an affiliate commission. Learn moreNorman Reedus on "The Walking Dead: Daryl Dixon."Stéphanie Branchu/AMCThe Walking Dead: Daryl Dixon returns for a second season with The Book of Carol. We've put together everything you need to know about how to watch The Walking Dead: Daryl Dixon from anywhere, including a free streaming option.