Exclusive-China’s Xiaomi wins state planner nod to make EVs amid glut in autos
By Julie Zhu HONG KONG (Reuters) – Xiaomi Corp has won the approval of China’s state planner to manufacture electric vehicles (EVs), said two people with knowledge of the matter, marking a…
China’s Xiaomi produces first smartphones in Vietnam
HANOI – China’s Xiaomi Corp has produced its first batch of smartphones in Vietnam, the company said on Thursday, as it seeks to expand its foothold in Southeast Asia. The devices were…
Exclusive-India tax authority froze $478 million of Xiaomi funds in February-sources, document
By Aditya Kalra and Munsif Vengattil NEW DELHI – Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China’s Xiaomi Corp in February as part of…
India seizes $725 million of Xiaomi assets over illegal remittances
By Aditya Kalra NEW DELHI -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…
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