Xiaomi responds to the situation of 4.8 billion Indian funds: only freezing is not confiscation
Hawk_Finance
2023-08-30 18:02:22
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According to media reports, for the industry's concern about Xiaomi India's 4.8 billion yuan capital situation, Xiaomi Group President Lu Weibing responded in the 29th performance call, the funds are only frozen by the Indian government, not confiscated, is still being resolved through legal channels.。Lu Weibing said that Xiaomi's operations in India have always been legal and compliant and are actively communicating with local government departments.。Despite the very long process, Xiaomi believes in the impartiality and independence of the Indian judiciary。Lu Weibing also said that Xiaomi's business adjustment in the Indian market has achieved significant results, and in the future we will see new changes in Xiaomi's market share and product mix improvement in India.。
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