People walk past Xiaomi, a Chinese manufacturer of consumer electronics, store in Mumbai, India, on May 11, 2022.MUMBAI - Chinese smartphone maker Xiaomi Corp on Sunday said it was "disappointed" with an Indian order that froze $682 million of its assets and would continue to protect its interests.an April order by India's federal financial crime fighting agency, the Enforcement Directorate, to seize 55.
"We will continue to use all means to protect the reputation and interests of the company and our stakeholders," it said. With an 18per cent share each, Xiaomi and Samsung together lead the smartphone market in India, the world's second biggest after China, according to data from Counterpoint Research.
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China's Xiaomi says will protect business interests after assets frozen in IndiaMUMBAI: Chinese smartphone maker Xiaomi Corp on Sunday (Oct 2) said it was 'disappointed' with an Indian order that froze US$682 million of its assets and would continue to protect its interests. An Indian appellate authority on Friday confirmed an April order by India's federal financial crime fighting ag The world is no longer a friendly place for businesses. Perhaps North Korea got it right. Self sustaining economy is the way to go.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China's Xiaomi says will protect business interests after assets frozen in IndiaMUMBAI: Chinese smartphone maker Xiaomi Corp on Sunday (Oct 2) said it was 'disappointed' with an Indian order that froze US$682 million of its assets and would continue to protect its interests. An Indian appellate authority on Friday confirmed an April order by India's federal financial crime fighting ag The world is no longer a friendly place for businesses. Perhaps North Korea got it right. Self sustaining economy is the way to go.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »