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China's Xiaomi says it will protect its business interests after India freezes its assets

Published: October 3, 2022

MUMBAI - Chinese smartphone maker Xiaomi Corp on Sunday (Oct 2) said it was "disappointed" with an Indian order that froze $682 million (S$978 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 agency, the Enforcement Directorate, to seize 55.51 billion rupees...

Source: asiaone.com

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China's Xiaomi says will protect business interests after assets frozen in India

Published: October 3, 2022

Many Chinese companies have struggled to do business in India due to political tensions.

Source: dealstreetasia.com

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Qualcomm Group Counterpoint Research Xiaomi Corp On Xiaomi Corp Enforcement Directorate

Xiaomi to protect its business interests after ED freezes assets

Published: October 3, 2022

The Chinese smart device firm said in a statement on Sunday that over 84% of the 55.51 billion Indian rupees seized by the Enforcement Directorate earlier this year was royalty payments made to US chip company Qualcomm Group.

Source: businesstoday.in

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Xiaomi Corp Qualcomm Group Xiaomi Group Counterpoint Research Enforcement Directorate Xiaomi India Xiaomi India Xiaomi Group Enforcement Directorate Qualcomm Group Chinese Apps Chinese Companies