平替

píngtì
(neologism c. 2021) cheaper alternative; affordable alternative

CEDICT

neologism

Entry Composition

1 平 píng
  1. flat
  2. level
  3. equal
  4. to tie (make the same score)
  5. to draw (score)
  6. calm
  7. peaceful
  8. abbr. for 平聲 píngshēng
2 替 tì
  1. to substitute for
  2. to take the place of
  3. to replace
  4. for
  5. on behalf of
  6. to stand in for