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flag Xiaomi's Indian unit struggles with $624.4M in frozen assets amid ongoing tax investigations.

flag Xiaomi's Indian unit faces issues with around $624.4 million of its assets frozen since December 2021, due to investigations by Indian authorities over tax and regulatory compliance. flag The company is open to settlement negotiations, and the cases are still in the hearing stages, potentially affecting its operating results and cash flow. flag Despite these issues, Xiaomi reported a 26% rise in sales in India and Europe in 2024.

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