Noise Leads as India Smartwatch Market Grows 173 Percent YoY in Q1 2022: Counterpoint Research

India’s smartwatch market grew 173 percent YoY in Q1 2022, according to the most recent Counterpoint data. Smartwatch maker Noise led the market in the first quarter with a market share of 23 percent. Fire-Boltt came second for the first time with a 21 percent market share. Boat was placed in third spot with a … Read more

Xiaomi Said to Accuse Enforcement Directorate of ‘Physical Violence’ Threats During Probe

Chinese smartphone maker Xiaomi has alleged its top executives faced threats of “physical violence” and coercion during questioning by India’s financial crime fighting agency, according to a court filing seen by Reuters. Officials from the Enforcement Directorate warned the company’s former India managing director, Manu Kumar Jain, current Chief Financial Officer Sameer BS Rao, and … Read more

Xiaomi’s Allegations of Coercion Baseless, Enforcement Directorate Says

The Enforcement Directorate on Saturday rejected as “baseless” the allegations that the statements of Xiaomi India officials, the wholly-owned subsidiary of Chinese mobile manufacturing company Xiaomi, were recorded “under coercion”, saying the charges were an afterthought. The federal agency was responding to certain news reports that said Xiaomi alleged in a recent filing before the … Read more

Beijing Urges India to Treat Chinese Firms Fairly After Xiaomi Threat Claim

China on Monday urged India to ensure Chinese companies operating in India were not discriminated against, after Xiaomi Corp said its executives there had faced threats of violence during questioning over alleged illegal remittances. Reuters reported on Saturday that Xiaomi, the biggest smartphone seller in India, had outlined the alleged threat from officials of the … Read more

Poco F4 India Variant Allegedly Spotted on IMEI Database Ahead of Launch

Poco F4 has supposedly been spotted on the IMEI database. The alleged listing does not mention the name of the smartphone, instead, it includes the model number 22021211RI, which is expected to be linked with the rumoured Poco F4. This model number includes the letter ‘I’ at the end suggesting that this Poco F4 variant … Read more

India Smartphone Shipments Decline for Third Quarter in a Row, Xiaomi Retains Leadership: IDC

India smartphone shipments declined for the third consecutive quarter, with a drop of five percent year-on-year in the first quarter of 2022, according to a report. While Xiaomi maintained its leadership in the market, all top-five vendors except Realme saw a decline in their shipments in the quarter. Key reasons for the dip are believed … Read more

Xiaomi 12 Pro Review: A Premium Flagship at the Right Price

Xiaomi’s Mi 11 Ultra (Review) was all about big numbers and bragging rights, and it managed to deliver a very good premium Android experience with only a few shortcomings.The Xiaomi 12 Pro is the company’s most premium offering yet for 2022 and Xiaomi has taken a slightly different approach with it. Rather than simply pushing … Read more

Xiaomi Battles Legal Issues in India as ED, Tax Authorities Investigate Its Business Practices

Chinese smartphone giant Xiaomi faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices. Xiaomi denies wrongdoing. But it recently hit the headlines with accusations that its executives faced intimidation from Indian enforcement officials, drawing public rebuttals from the agency and words of support from China. Here … Read more

ED Reportedly Asks Court to Re-Instate Freeze on Xiaomi’s Bank Assets Worth $725 Million

India’s financial crime fighting agency asked a court on Thursday to re-instate a freeze on $725 million (roughly Rs. 5,624 crore) in the Indian bank accounts of Xiaomi as it investigates fund transfers by the Chinese smartphone giant. The enforcement directorate had seized the money saying Xiaomi had illegally transferred funds abroad to three entities, … Read more

Xiaomi Funds Worth $478 Million Said to Be Frozen by ED During Alleged Tax Evasion Investigation

Indian tax officials froze $478 million (roughly Rs. 3,699 crore) worth of deposits lying in local bank accounts of China’s Xiaomi in February as part of an investigation into alleged tax evasion, according to two sources and a court filing reviewed by Reuters. The fund freeze by tax authorities, being reported for the first time … Read more