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Xiaomi's Indian unit struggles with $624.4M in frozen assets amid ongoing tax investigations.
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.
The company is open to settlement negotiations, and the cases are still in the hearing stages, potentially affecting its operating results and cash flow.
Despite these issues, Xiaomi reported a 26% rise in sales in India and Europe in 2024.
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La unidad india de Xiaomi lucha con $624,4 millones en activos congelados en medio de investigaciones fiscales en curso.