Yes. Any company that has managed to survive and thrive under the insanely competitive conditions of consumer-facing online business in China, basically plays on easy-mode once they expand overseas.

I don’t know what it is about the Chinese market that incentivizes this cut-throat competition, innovation and price-wars.

From online retailers …

https://www.fitchratings.com/research/corporate-finance/chinas-online-retailers-face-market-share-pressure-as-competition-intensifies-07-03-2023

… to (electric) vehicle makers …

https://www.fastmarkets.com/insights/chinese-auto-price-war-drags-down-battery-raw-materials-prices

etc.

The companies that emerge out of this ecosystem and expand overseas are terminators.

2 produce goods by way of slave labor (Shein and Temu) and 1 acts as both domestic and foreign surveillance (Tik Tok).

I dont really see how this is 'crazy'... Seems about right.