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India seized Xiaomi's 4.8 billion assets late at night, why is it so ugly to eat?

Hello everyone, I am a peerless monarch.

In the past few years, the United States has been engaged in Huawei, and indeed has made "achievements".

Huawei was forced to split the mobile phone business, and the sales of mobile phones were not as good as before.

I don't know if it is inspired, India has also begun to make a fuss about Chinese companies such as Xiaomi, which is gradually occupying the domestic market.

Now, they're on the move!

Recently, the Financial Crimes Investigation Bureau of India said that Xiaomi India has been transferring funds to three foreign entities and seized 725 million US dollars (about 4.8 billion yuan) of Xiaomi.

This is the largest amount of money that Chinese companies have been detained abroad in recent years.

The Indian side said: According to the requirements of the Chinese parent company, The Indian millet transferred a huge amount of money to the parent company in the name of patent royalties.

In response, Xiaomi India denied the allegations, saying the actions were "fully in line with local laws and regulations."

India seized Xiaomi's 4.8 billion assets late at night, why is it so ugly to eat?

"We are committed to working closely with the (Indian) government to clarify all misunderstandings".

In fact, since last year, India has frequently made sales to Chinese companies.

Last December, Xiaomi's India office was raided.

Other Chinese mobile phone manufacturers, including Huawei and Oppo, were also searched.

India seized Xiaomi's 4.8 billion assets late at night, why is it so ugly to eat?

Earlier this year, India's Ministry of Finance said in a statement that after the investigation found tax evasion, it had issued a notice to Xiaomi to pursue 653 million rupees (about 600 million yuan) in taxes to the company.

This thing is very strange:

1, India checked all Chinese enterprises.

2, India is mainly aimed at Xiaomi, and Xiaomi's brand share in the Indian mobile phone market is precisely the first.

3, the time of the raid is late at night...

And their reasons are also very funny.

At first it was tax evasion, and later it was said that patent royalties, including royalties, had not been paid.

Xiaomi these costs are handed over to Qualcomm in the United States, why should you give it to India?

The reason for India is that you Xiaomi sell mobile phones in India, which belongs to the seller, also has to pay this tax...

India seized Xiaomi's 4.8 billion assets late at night, why is it so ugly to eat?

It's just plain unreasonable.

Now, it is more direct, without investigation or approval, and directly seized Xiaomi's assets.

Ming snatched this up!

Why has India become so crazy? Why aim at Chinese companies.

There are political reasons as well as economic reasons.

Politically, India and China have had friction for decades.

India, on the one hand, buys arms from Russia to deter China.

On the one hand, the United States secretly sent Autumn Waves, hoping that the United States would contain China.

India seized Xiaomi's 4.8 billion assets late at night, why is it so ugly to eat?

By 2020, China and India had several conflicts on the himalayan border, and relations between the two countries quickly slid to a low point.

Since then, India has banned hundreds of Chinese mobile apps, including Tiktok, which has swept India.

India seized Xiaomi's 4.8 billion assets late at night, why is it so ugly to eat?

The Indian government is also unashamed, saying that banning these Chinese applications is because it feels that national sovereignty is under threat.

How can a vibrato threaten your national sovereignty?

In addition, the Indian media has also continuously incited anti-China sentiment within India, and many Indians have begun to call for a boycott of Chinese products.

India seized Xiaomi's 4.8 billion assets late at night, why is it so ugly to eat?

Economically, Chinese companies do a lot of business in India, with bilateral trade between China and India exceeding $125 billion last year.

Among them, the mobile phone is the big head.

According to recent international market survey data, for every three smartphones sold in India, two are Chinese brands.

Among them, Xiaomi's brand proportion ranks first.

Seeing that none of the domestic mobile phone companies can play, watching Chinese manufacturers expand in Kaesong, India.

India seized Xiaomi's 4.8 billion assets late at night, why is it so ugly to eat?

After seeing that the small actions made by the United States on Huawei worked, India immediately learned it solidly.

Whoever is strong will kill whomever is strong, and whoever makes money will make him not make money.

I have to say that in recent years, Chinese technology companies have faced great pressure to expand overseas.

When Douyin went to sea, in just a few months, it became the number one app in the United States in terms of app downloads.

Subsequently, Trump signed a decree and banned it.

Later, Huawei shook the position of the United States in communication technology, so the United States immediately found various excuses to pursue and intercept.

Last month, the SEC also launched five surprise attacks on Chinese listed companies in the United States.

40 outstanding Chinese companies listed in the United States were pulled into the "delisting warning list", causing the stock price to fall sharply.

India seized Xiaomi's 4.8 billion assets late at night, why is it so ugly to eat?

These companies cover automotive, logistics, real estate, big data, IT, medical, rare earths, lithium batteries, manufacturing... Almost all of them are the best quality companies in China.

We haven't eased up here, and India has begun to move.

Moreover, the methods are even more barbaric, and they do not learn from the United States to find a reason, but directly seize and seal, blatantly robbing Chinese enterprises.

The first time we opened the robbery, we put up with it.

Now that the second wave is on, do we still have to endure?

India seized Xiaomi's 4.8 billion assets late at night, why is it so ugly to eat?

Think about how the Six Kingdoms were destroyed in the first place?

Cut five cities today, cut ten cities tomorrow, and then get a night's sleep?

The ancients said: "Qin with the land, like a salary to fight the fire, the salary is not exhausted, the fire is not extinguished." ”

India seized Xiaomi's 4.8 billion assets late at night, why is it so ugly to eat?

The situation is clear.

Xiaomi, Huawei, Douyin, and even the excellent enterprises behind.

As long as you are a company with a Chinese background, I will come down with a paper and say that if you have a "problem", there is a problem.

Presumably, India will have more and more groundless accusations and barbaric obstructions against Chinese enterprises in the future.

Chinese enterprises, be careful!

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