Zhongguancun Online News: According to overseas media reuters, India said that Xiaomi was suspected of illegally sending money to foreign entities in violation of India's local Foreign Exchange Control Law, and had seized about 4.8 billion yuan of assets of Xiaomi India. Xiaomi Group responded that all of the company's operations strictly abide by local laws and regulations and will maintain close cooperation with the government to clarify any misunderstandings.
In 2017, mi achieved the first place in the Indian market
As early as 2017, Xiaomi has achieved the first excellent result in the Indian market, according to the 2021 Indian smartphone market data released by the previous market data statistics agency Canalys, a total of 162 million smartphones were sold in India in 2021, of which 40.1 million units of sales came from Xiaomi, Xiaomi occupied 25% of the market share of the Indian market, and the sales volume ranked first in the Indian mobile phone market, it can be said that Xiaomi has achieved very good results in the Indian market. It is also one of the few Chinese mobile phone manufacturers that occupy an active position in overseas markets.
According to foreign media reports, the Indian Ministry of Finance said: "Xiaomi India remitted royalties and licensing fees to Qualcomm and Xiaomi Mobile Software Company, which are not included in the transaction value of its imported goods; Xiaomi and its contract manufacturers did not include the royalties of imported MI brand mobile phones and their parts in the assessable value of the product." ”
Xiaomi official statement
In this regard, Xiaomi said: "The royalties and bills paid by Xiaomi India to the bank are legal and true, and the royalties paid are used for the licensed technology and intellectual property rights used in the company's Indian version of the product, which is a legal business practice." What do you think about that? Feel free to leave a message in the comments section.
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