News Snapshot:
Credit Source India should stop its “regulatory assault” on Chinese companies, state-backed Chinese newspaper Global Times said, after smartphone maker Xiaomi Corp alleged threats of “physical violence” in Indian investigations. Reuters reported on Saturday that Xiaomi had told an Indian court that its top executives faced threats and coercion during questioning by an Indian agency investigating illegal remittances. The agency, the Enforcement Directorate, called the allegations “untrue and baseless”. | Xiaomi’s allegations of coercion baseless, afterthought: ED Citing the story, the Global Times in an opinion piece late on Sunday said the uncertainty surrounding Xiaomi’s “regulatory predicament should raise a...
