Xiaomi responds to funds seizure; says legitimate commercial arrangement

The Enforcement Directorate (ED) had announced on Saturday morning that it had seized funds worth over Rs 5,551 crore of Chinese mobile manufacturing company Xiaomi India for violating the Indian foreign exchange law. Xiaomi has now issued a statement responding to the development. “As a brand committed to India, all our operations are firmly compliant … Read more

Poco on hardware commoditization, price fluctuations, ‘phone plus ecosystem’ plans and learnings from Xiaomi | EXCLUSIVE

‘Brands that are flooding the market with multiple launches lack conviction, playing guesswork.’ Two years in, after becoming an independent brand, Poco has had what you can call a “surreal” journey. It has not been easy but whatever it is that it has been doing on its own has seemingly worked out well. And the … Read more