Xiaomi India

Why Xiaomi is in ‘trouble’ with the Indian government

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In the last decade or so, Xiaomi has gone from one of the many Chinese companies trying to gain a foothold in India to one of the biggest brands in the country. Xiaomi is the market leader in smartphones in the country whereas its other devices — TVs, fitness bands — also remain widely popular. … Read more

ED seizes Rs 5,551 crore of Chinese smartphone giant Xiaomi in foreign exchange case

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NEW DELHI: The Enforcement Directorate (ED) on Saturday said it has seized Rs 5,551 crore from Bengaluru-based Chinese telecom firm Xiaomi Technology India for “illegal outward remittances”. Xiaomi India is a wholly-owned subsidiary of the China-based Xiaomi group. The ED has initiated investigation in connection with the illegal remittances made by the company in the … Read more