Authorities in India seized $725 million from Xiaomi’s local bank accounts after a study discovered the Chinese smartphone company illegally moved money abroad under the guise of royalty payments, according to authorities. The money was taken from the company’s local arm when it was discovered that it had made transfers to three foreign-based organizations, according … Read more
According to the earlier leaked reports that Xiaomi, the Chinese smartphone company, would unveil the 12 series flagship handsets in China by the end of the year. The Xiaomi 12 series will be introduced on December 28th, according to a recent poster released by the company. Su Bingtian, a Chinese sprinter, is on the front … Read more
NAIROBI — Transsion Holdings, a China-based smartphone manufacturer, led the African smartphone market in the third quarter with a unit share of 47.4 percent, maintaining stable shipments into the region, according to the latest study by a global research firm released in Nairobi Monday. The International Data Corporation (IDC) said Transsion, which manufactures Tecno, Infinix, … Read more
