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.
People walk past Xiaomi, a Chinese manufacturer of consumer electronics, store in Mumbai, India, May 11, 2022. REUTERS/Francis Mascarenhason 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.
The company said that Xiaomi India is an affiliate and one of the Xiaomi Group companies, which entered into a legal agreement with Qualcomm to license IP for manufacturing smartphones. With an 18% 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.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
India Freezes More Crypto Including Bitcoin and Tether as Investigation Involving Binance and Wazirx Deepens – Regulation Bitcoin NewsIndian authority says it has frozen more cryptocurrencies, including bitcoin, tether, and the Wazirx token. crypto cryptocurrency $USDT $BTC
Lire la suite »
As Texas DPS touts its new Dodge Hellcat seized in high-speed chase, critics call for change to lawJustice advocates say law enforcement agencies often 'abuse' the asset forfeiture law since it's classified as civil rather than criminal thus eliminating a person's right to an attorney.
Lire la suite »
Mercedes says trade deal could make India an export hubMercedes-Benz says it may start building cars in India for export if a new free trade agreement goes through between India and the EU.
Lire la suite »
Coinbase pauses transactions in US to address bank transfer issuesCoinbase says it’s working on a fix.
Lire la suite »