Is Xiaomi's shine dimming in India?
Xiaomi -- the company that originally made its name as
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Xiaomi -- the company that originally made its name as
Xiaomi faces challenges in India, with key local departures and declining shipments in world's second-largest smartphone market.
There is something going on with Xiaomi India’s operations. The company is facing challenges as the ED has frozen its Rs 5551 crore and now it is battling rumours that it is moving its operations out of India.
Xiaomi expressed "disappointment" with an Indian order that froze $682 million of its assets and vowed to continue defending its interests.
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.