News Snapshot:
Xiaomi expresses “disappointment” with an Indian order that froze $682 million of its assets. An Indian appellate court upheld an April order by a financial crime-fighting agency to seize 55.51 billion rupees. Xiaomi and Samsung lead the smartphone market in India, the second largest in the world after China. Advertisement Sunday, Chinese smartphone manufacturer Xiaomi Corp (1810. HK) expressed “disappointment” with an Indian order that froze $682 million of its assets and vowed to continue defending its interests. Friday, an Indian appellate court upheld an April order by India’s federal financial crime-fighting agency, the Enforcement Directorate, to seize 55.51 billion...
