Xiaomi

ED issues showcause notice to Xiaomi over FEMA violation; what does it mean [details]

The Enforcement Directorate (ED) on Friday said that the Adjudicating Authority has issued showcause notices to Xiaomi Technology India Private Limited, its officials and three banks under the relevant provision of the Foreign Exchange Management Act (FEMA) on the basis of a complaint filed by the probe agency in connection with illegal remittances made by the company to the tune of Rs 5,551.27 crore. Jun 9, 2023
Xiaomi

Xiaomi fined over $3k for false ad in China

The Chinese smartphone giant has been fined 20,000 yuan for a false ad in the home country. The reports say that the mistake is due to confusion of specs the phone has to offer. Dec 25, 2021
Xiaomi

Xiaomi no more a Chinese military company, rules US court

After the US government delisted Xiaomi as a "Communist Chinese military company," the Department of Defense officially vacated Xiaomi's designation, removing all restrictions on its citizens purchasing or holding the company's securities. May 26, 2021