Why is AliExpress so cheap?

Could you elaborate on the reasons behind the low prices offered by AliExpress? Are there any specific factors contributing to their affordability, such as direct sourcing from manufacturers, bulk purchasing, or minimal overhead costs? Additionally, how does AliExpress manage to maintain these low prices while still offering a wide range of products from various sellers? Is it due to efficient logistics, competitive pricing strategies, or perhaps a combination of these factors? Understanding these dynamics would provide valuable insights into the e-commerce landscape and how AliExpress has become a popular choice for budget-conscious shoppers.