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Benzinga
Benzinga
World
The Bamboo Works

Xiaomi 'Effectively Halted' in Increasingly Challenging Indian Market

Key takeaways:

  • Xiaomi said last week that its Indian operations have been ‘effectively halted’ after a court declined to unlock $676 million worth of its assets frozen in a local tax dispute 
  • Chinese smartphone makers have dominated the Indian market in recent years, but are in growing clashes with local authorities amid geopolitical tensions between Delhi and Beijing
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