China Watch Blog has learnt that Wal-Mart (China) has apologized to customers after being blacklisted by Chinese authorities for cheating on prices.
The Wal-Mart (China) Investment Co., Ltd. expressed “sincere apology” to affected customers in a written interview with Xinhua.
Further, the company has been cooperating with authorities’ investigation into the cheating. It has also launched self-examinations in stores nationwide.
As the Spring Festival approaches, the company will strengthen its price monitoring, the company said.
The company, which entered China in 1996 and has opened 189 stores in 101 cities across the country, promised to continue the self-examination regularly. Its 700 price inspectors perform millions of examinations weekly.
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