Tag Archives: Xiaomi

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 Saturday. India’s financial crime investigations agency began investigating the company in February and said it seized the money from …

Chinese smartphone giant Xiaomi Corp (1810. HK) will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the capital said on Saturday. The plant will be constructed in two phases and Xiaomi will also build its auto unit’s headquarters, sales, and …

Samsung shipped more phones in Europe in Q2 2019 than Huawei and Apple combined. Samsung’s revamped Galaxy A series of phones has helped the company to significantly increase its market share in the European market. According to data from Canalys, Samsung’s market share surged to its highest in over five …