The Global Times, citing an article in New Express Daily, is reporting that Chinese group-buy service Lashou has been falsifying the original prices listed on its website in order to exaggerate discounts.
We have reached out to Charm Communications, who was just announced last week as Lashou’s PR firm, but a representative told us that regarding this particular matter “it would be best to contact Lashou directly.” We’ll keep trying.
Earlier this year it was reported that retailers Carrefour and Wal-Mart were fined in China for price fraud, after inspections found that they were involved in ‘overpricing and overcharging consumers.’
China’s group buy scene is an increasingly crowded one, but Lashou has been holding steady at near the top just behind market leader Taobao’s Ju Hua Suan, which is pretty good given the stiff competition.
[Data from iResearch]
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