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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Chinese smartphone maker is reworking its India playbook. There is restructuring, exits and frustration.
Xiaomi India is going through a change. The Chinese smartphone maker, which ruled the Indian market for more than half a decade, is now rethinking every cog in the machine—the way it operates, strategy, investments, structure, team size and hiring.
It is no secret that the company has had a rough couple of years in India. In light of geopolitical tensions between China and India, it faced heat from the local authorities—an investigation by the Enforcement Directorate, another by the Directorate of Revenue Intelligence and freezing of funds on allegations of foreign exchange violations and tax evasion.
In recent months …
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
Four top-level exits come at a time when the IPO-bound used-car platform is grappling with serious financial challenges.
