Explained | Chinese tech firms under wider scrutiny in India

Explained | Chinese tech firms under wider scrutiny in India

Why have the offices of Chinese companies Vivo, Xiaomi and Oppo been searched? Will these companies exit the Indian market? Why have the offices of Chinese companies Vivo, Xiaomi and Oppo been searched? Will these companies exit the Indian market? The story so far: Having experienced income tax searches, exclusion from 5G telecom trials and […]

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Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

The firms, which in May were flagged by the U.S. as failing to meet auditing standards, will keep their listings in Hong Kong and mainland Chinese markets The firms, which in May were flagged by the U.S. as failing to meet auditing standards, will keep their listings in Hong Kong and mainland Chinese markets Five […]

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Vivo remitted almost 50% of turnover to China to avoid getting taxed in India, says ED

Vivo remitted almost 50% of turnover to China to avoid getting taxed in India, says ED

The Enforcement Directorate (ED) on Thursday said the Indian arm of Chinese smartphone maker Vivo “remitted” almost 50% of its turnover, which is ₹62,476 crore, mainly to China in order to avoid paying taxes in India. The federal probe agency also said it has seized funds worth ₹465 crore kept in 119 bank accounts by […]

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