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China's Xiaomi battles probes in key India market

01:35am, Thursday, 12'th May 2022
Chinese smartphone giant Xiaomi Corp faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices.
Chinese smartphone maker Xiaomi Corp has alleged its top executives faced threats of "physical violence" and coercion during questioning by India's financial crime fighting agency, according to a cour
India has seized more than $700 million from one of China's biggest tech companies after accusing it of moving money out of the country illegally.
India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Saturd
NEW DELHI (Reuters) -India said on Saturday it had seized $725 million from the local bank accounts of China's Xiaomi Corp after a probe found the smartphone maker had made illegal remittances to fore
India's anti-money laundering agency said on Saturday it has seized assets worth about $725 million from Xiaomi India for breaching the country's foreign exchange laws in a major blow to the Chinese p
Asia has seen a wave of stock buybacks, and bank analysts say it's not stopping anytime soon.
The stock has been on a long-drawn-out decline for the past five quarters.
China's securities watchdog denied market rumours on Tuesday that Chinese regulators had launched probes on companies in Xiaomi Corp's industrial chain or restricted such firms' listing plans.
Xiaomi Corporation (XIACF) Management on Q4 2021 Results - Earnings Call Transcript
International sales now account for about half of Xiaomi's business
Chinese smartphone maker Xiaomi Corp on Tuesday reported a 21.4% rise in fourth-quarter revenue, beating analyst expectations.

China stocks fall on COVID-19 lockdowns

10:58am, Monday, 14'th Mar 2022
Yahoo Finance's Jared Blikre breaks down how Chinese stocks are trading.
Chinese consumer electronics and smart manufacturing company Xiaomi is championing a new global standard for artificial intelligence (AI) and internet of things (IoT) security that aims to reassure pe
The agency said "by not adding 'royalty and licence fee' into the transaction value, Xiaomi India was evading customs duty."
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