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Latest Articles in xiaomi

Smartphone Maker Xiaomi To Enter EV Sector; CEO Says It Has 140 Vehicles Across China Testing Autonomous Driving

In 2021, Lei announced that Xiaomi would enter the electric vehicle market, a foray he said would mark his last major entrepreneurial endeavor.

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Xiaomi, Apple, Samsung Are Top 3 Pre-owned Smartphone Brands: Report

Cashify has unveiled its sixth annual “User Behaviour whitepaper” for the pre-owned smartphone market and the third edition of its User survey

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Xiaomi Leads Market With 20% Share, Samsung In 5G phones in Apr-Jun: Report

Chinese smartphone company Xiaomi led the Indian smartphone market during the April-June 2022 period despite a 22 per cent decline in its sales volume, a Cyber Media Research (CMR) report said

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Xiaomi India Elevates Muralikrishnan B As Company's President

Muralikrishnan comes with over 25 years of experience in the consumer tech domain

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Xiaomi Produces First Smartphones In Vietnam

The devices were produced at a factory in the province of Thai Nguyen, north of the capital Hanoi

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India Seeks To Restore Block On $725 Mn Of Xiaomi's Bank Assets

But the high court in the southern state of Karnataka put that decision on hold after Xiaomi challenged it, saying all the royalty payments were legitimate

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Xiaomi Accuses ED Of 'Physical Violence' Threats During Probe; ED Denies

Xiaomi has been under investigation since February and last week the Indian agency seized $725 million lying in the company's India bank accounts, saying it made illegal remittances abroad "in the guise of royalty" payments

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Karnataka High Court Breather For Xiaomi India In ED Seizure Case

The High Court of Karnataka has given a breather to Xiaomi Technology India Private Limited by staying the April 29 order of the ED by which Rs 5551.27 crore of the company was seized

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HC Gives Breather To Xiaomi After ED Seizure Of Rs 5551.27 Cr

ED had seized the sum of Rs 5551.27 crore in the bank accounts of the company and initiated action for alleged illegal remittances made by the company in February 2022

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ED Seizes ₹5,551 Cr From Xiaomi For ‘Illegal Outward Remittances’

The seizure of funds has been done under relevant sections of the Foreign Exchange Management Act (FEMA) after a probe was launched by the federal agency against the company in connection with alleged "illegal remittances" sent abroad by the Chinese firm in February

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ED Summons Xiaomi Over Probe Linked To Alleged Contravention Of Foreign Exchange Law

ED is investigating the company and its executives under the provisions of the Foreign Exchange Management Act (FEMA) linked to foreign remittances worth crores made over the last few years

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India Agency Summons Former Xiaomi Head In Investigation: Sources

The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing director, to appear before its officers

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Xiaomi Revenue Fails to Meet Expectations as Competition From Oppo, Vivo Intensifies

Sales rose to CNY 78.06 billion (roughly Rs. 90,910 crore) in the three months to September 30. Analysts had expected CNY 79.20 billion (roughly Rs. 92,300 crore), Refinitiv data shows.

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Xiaomi To Offer Full Spectrum Of Financial Services In India Via Partners

The top executive said Mi Credit will now offer a higher pre-approved loan of Rs 25 lakh (against Rs 1 lakh previously) and tenure of up to 60 months.

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India's Smartphone Mkt Falls 13 % Sequentially In Q2 Amid 2nd COVID Wave: Canalys

Xiaomi continued to remain the top player with 29 per cent market share (9.5 million units shipment) in the June 2021 quarter, followed by Samsung stayed in second place with 17 per cent share (5.5 million) and Vivo with 5.4 million.

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