Xiaomi, Vivo, Oppo: India and China political tensions are hitting the smartphone market. But they need each other

nikholas

Indians love Chinese smartphones, but for the last two months, New Delhi has intensified the scrutiny of three top Chinese firms — Xiaomi, Vivo and Oppo. Together, these companies control more than 60% of the Indian smartphone market, according to data from research firm Counterpoint.

Xiaomi, the top-selling brand in the country, was the first company to face regulators’ heat. In May, the country’s main financial investigation agency accused Xiaomi’s Indian subsidiary of making illegal remittances, violating foreign exchange laws.

Xiaomi India said at the time that “all our operations are firmly compliant with local laws and regulations.” It   Read more