Chinese smartphone maker Xiaomi Corp (1810.HK) has shut down its financial services business in India, four years after its launch, a Xiaomi India spokesperson said on Friday. “As part of the annual strategic assessment activity and as a response to enhanced focus on our core business services, we closed the Mi Financial Services in March […]
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An Indian court on Thursday declined to lift a freeze on Xiaomi Corp’s $676 million worth of assets, even as the Chinese smartphone group said this enforcement action had “effectively halted” its operations in its key Indian market. India’s federal financial crime agency, the Enforcement Directorate, froze 55.51 billion rupees of Xiaomi assets in April, […]
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Xiaomi India has issued an in-depth statement regarding the assets worth Rs 5,551.27 crore that were seized by the Foreign Exchange Management Act (FEMA) authority, claiming that nearly 84 per cent of the same is due to be paid as royalties to Qualcomm. Xiaomi’s assets were seized for alleged violations of foreign exchange regulations with […]
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“This festive shopping season will probably be like a landmark occasion in the history of the growth of 5G in India,” states Muralikrishnan B, president, Xiaomi India. Muralikrishnan’s optimism about the festive season– often seen as a critical one for sales in the smartphone industry– comes despite what has been an otherwise challenging year given […]
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Xiaomi India today announced the promotion of Muralikrishnan B from Chief Operating Officer (COO) to President of the company. It is worth noting that he was serving as the COO since 2018. According to Xiaomi, in his new role as President, he will be responsible for day-to-day operations, services, public affairs, and strategic projects, “and […]
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Xiaomi today announced the “Level Up” sale across Mi.com, Mi Home, Flipkart, Amazon and all offline partners starting June 8 to June 17 2022. Mi NoteBook Ultra (i5 + 8GB RAM) and Mi NoteBook Ultra (i5 + 16GB RAM) will be available for a discounted price of Rs 57,999 and Rs 59,999, respectively. While Mi […]
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Xiaomi India, which is currently facing scrutiny and legal troubles from the Enforcement Directorate, has announced new leadership roles in the company. Alvin Tse, who is a Xiaomi Global founding team member and former General Manager of Xiaomi Indonesia, will assume the role of General Manager, Xiaomi India. Meanwhile, Xiaomi is also bringing Anuj Sharma […]
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