Once again. Chinese phone maker Xiaomi robbed $676 million by Indian government

[etylo]

Not sure where you were hiding when Singapore was investing in China.
In the womb?
Even the Chinese would admit Singapore was a significant contributor in its initial opening. Our government seconded our former Finance Minister to advice China on the development of its coastal economic zones after Deng met Lee Kuan Yew.
So all of China's SEZ have Singapore input.
Gwadar is important to China, but certainly not for Singapore.
The Pakistan army preference for China and stonewalling Singapore was instrumental in why Singapore could not do anything in Gwadar port.

Most probably while you were hiding in the womb, we, Singaporeans were carrying TVs, refrigerators to their hometowns in China, in addition to building schools and universities.

Tan Kah Kee

Article

eresources.nlb.gov.sg

In China, Tan developed key educational institutions such as Xiamen University (also known as Amoy University) in Fujian. He established the university in 1921 as a private university and maintained it for the next 16 years. A strong advocate of education, he believed education was the key to preparing the young for the demands of a modern society.

You seem to be trying to build animosity between China and Singapore.
So how much you getting from the 500 million $USD from the USAGM.
.

Stop patronizing others and think you SGs are superior to other Chinese. Your SG is an American lapdog and many of you SGs are China haters to the bone as shown on the forum. Just becos you SGs are richer and your country more commercially developed don't mean you people are superior and more civilized and have the right to look down on other Chinese. Just as a case, a SGerian bastard not long ago just murdered his girl friend from Tianjin, China in the most savage way unheard in the world. This tells what you people are and your real attitude towards Chinese.

 

[etylo]

Go eat your shits, Vietnamese nothing but shits, you think the world revolves around you snakes and can insult others at your will and dictate to others, lol. Chinese matters are no concern of you snakes.

 

[zhxy]

There are many shameless dogs, who love China, hate the West, but still like to live in the West, make money from the West and curse the West.

Canada should deport these 50 cent dogs to China, so that these dogs have a chance to eat Chinese shit.

 

[kankan326]

Wahaha is also one night stand of Dannone and Chinese.

After gaining Dannone core competency, China start to operate a set of parallel companies, and hollow out Dannone joint venture. Chinese court support Wahaha.

Eventually Dannone cash out.

This is quasi confiscation on China style.

There are many many many cases......etc

Danone Exits China Venture After Years of Legal Dispute (Published 2009)

The French food group will exit its joint venture with the beverage producer Wahaha, settling a dispute that contributed to political tensions between France and China.

www.nytimes.com

I don't know which foreign company was kicked out by government dirty tricks. Those who lost their market in China because they could not compete with Chinese rivals in fair competition. For example, Google lost to Baidu. Ebay/ Amazon lost to Aibaba. And the latest case, Samsung left China because it could not compete with Chinese phone makers. These are all pure market results. Not because of government interferences

 

[Song Hong]

I don't know which foreign company was kicked out by government dirty tricks. Those who lost their market in China because they could not compete with Chinese rivals in fair competition. For example, Google lost to Baidu. Ebay/ Amazon lost to Aibaba. And the latest case, Samsung left China because it could not compete with Chinese phone makers. These are all pure market results. Not because of government interferences

I know founder Ni Guangnan was kick out of Lenovo by Liu Chuanzhi, the party cadre.

There are many many dirty stories of China elite daylight robbery.... I just do not want to wash China dirty Linen in PDF.

 

[Bilal9]

Everyone should start from zero and it can only go upwards from here. But pessimistic people like you will only make this journey difficult. A journey of a 1000 miles begins with a single step!!

What I said are facts based on past evidence.

Some past news worth reviewing where it is quite evident that Xiaomi (and other Chinese cellphone companies) were singled out as entities for institutionalized Indian govt. harassment. The goal is clear, Chinese companies should quit India.

===========================================================================================

India agency summons former Xiaomi head in investigation​

India's federal financial-crime fighting agency has summoned a former India head of China's Xiaomi Corp in an investigation of whether the company's business practices conformed with Indian foreign exchange laws, two sources with direct knowledge said.​

>>Reuters
Published : 12 April 2022, 09:32 PM
Updated : 12 April 2022, 09:32 PM

The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing director, to appear before its officers, the sources said.

Jain, now a global vice president at Xiaomi based out of Dubai, was currently in India, the sources said, though the purpose of his visit was not clear.

Asked about the probe, a Xiaomi spokesperson said the company abides by all Indian laws and was "fully compliant with all the regulations."

"We are cooperating with authorities with their ongoing investigation to ensure they have all the requisite information," the statement said.

The actions signal widening scrutiny of the Chinese smartphone maker, whose India office was raided in December in a separate investigation over alleged income tax evasion. Some other Chinese smartphone markers were also raided at the time.

Jain did not respond to a request for comment. India's Enforcement Directorate also did not respond, though the agency typically does not make details public while investigations are ongoing.

The agency is looking into existing business structures between Xiaomi India, its contract manufacturers and its parent entity in China, according to the first source, who said that fund flows between Xiaomi India and its parent entity, including royalty payments, were being checked.

The Enforcement Directorate, via a notice in February addressed to Xiaomi's Jain, asked for various company documents, the second source familiar with the developments said.

These included details of foreign funding, shareholding and funding patterns, financial statements and information of key executives running the business, the source said.

Xiaomi remains India's top smartphone seller in 2021, with a 24% market share, according to Counterpoint Research. South Korea's Samsung Electronics was the No 2 brand with a 19% share.

Xiaomi also deals in other tech gadgets in India, including smart watches and televisions.

 

[ProudThamizhan]

Stop telling the Chinese and their gov what to do regarding Chinese companies. You have no moral ground to judge. If there is a Mafia gov, it's the Indian gov, see how they robbed Xiaomi nakedly in broad daylight. Go clean up your Indian gov and society, behave as a civilized country. Jack Ma is none other than a Western clown that the Westerners love.

why do you defend the obvious and admitted crimes of chinese govt?

Let's look in the mirror and look at TN's own govt. record, and then even that of all of South Asia on those "uncivilised" and "abnormal" ways. Before we point the finger at the Chinese.

Did the Chinese make a mistake by investing in India? Is this how your corrupt politicos treat valuable investors?

What connection does a cellphone company have with their CCP govt.?

Indians can't even manage to produce 1 percent of the components they import from China for cellphones (certainly not at the pricepoint they are imported at), 99% of Karbonn (or for that matter any other Indian) cellphones' components are sourced from China, probably even the label on the back as well....

tax evasion is a fraud my dear Bilal.
But TN govt is crap in most respects. If it is up to them they will just take 50% bribe from xiaomi and let them do whatever,
Thankfully it is not up to them

 

[nahtanbob]

This is my last reply to you.
It cannot be fair because the place was developed by Singapore.
The competition rode on Singapore success without having to pay for opening up the waste land and promoting the Industrial Park.
After the Singapore Park was successfully running and attracting new investors, the thieves build a competing Industrial Park and the local government directed ALL NEW ventures to their park.

Suzhou Industrial Park was built with Singapore in control as a showcase for the rest of China how Singapore runs its Industrial Parks.
China WANTED Singapore to run the Suzhou Industrial Park, because we are known to have very little corruption, at least that was what the Chinese Central Government wanted in 1994.
.

Rules of the game can be changed at any time for the benefit of the CCP. There is no recourse. You get what you see. good luck

Google and Facebook didn't want to play by Chinese laws, so they got out themselves. Singapore was granted to own and administer a an industrial park of large land and properties, China bought them back later as agreed in the original contract. It was wrong to let foreigners own and administer such large piece of land and properties in a city.

the same way Xiaomi did not want to follow Indian laws

 

[hirobo2]

Anyone ever looked at an Asian kid/newborn and go "bleh y that kid looks so ugly?" Turns out every kid I had this initial reaction turned out to be Vietnamese from listening to their parent's conversations.

No wonder why Chinese ppl r called Hua Ren. Because even the newborn Han kid looks cute and adorable. Whereas if we live in Tolkien's world, the Viet kid would look something like an orc or goblin baby, totally ugly and different from the human or elf baby...

 

[zhxy]

And now, the shameless Huaren dogs are trying to make money in America and the west while continuing to curse America and the west.
The US government and western countries should deport these dogs to China, so that these Huaren dogs have a chance to eat 50 cent shit.

 

[Song Hong]

Actually in China, Chinese citizen also got confiscated by -- party cadre and foreigners..................

Yes, this is true.


Below is local elites Ling Ya, who was stupid, uneducated by rise to local police top dog of a big cities.

She and foreigners and local businessman confiscated the Taizi milk, worth billions.

She even offered Taizi milk boss Li Chun to fk her, but when Li Chun refused, she decide to harm Li Chun.

There are a lot of fking in some top Chinese elite. But if you refuse their fking offer, they will confiscate and bankrupt you.

凌娅，主动投案！

凌娅，主动投案！

finance.sina.com.cn

 

[nahtanbob]

CHina did not ban Google or Facebook.

Facebook and Google did not want to comply with China law.

While Tik Tok is complying all US law.

it is a ban for all practical purposes

 

[nahtanbob]

https://www.scmp.com/tech/big-tech/...n-footprint-india-local-contract-manufacturer @kankan326

 

[nahtanbob]

This is China for you @kankan326

Taiwan's Foxconn faces China tax probe, seen as politically motivated -sources

Foxconn , a major supplier of Apple's iPhones, is facing a tax probe in China, two sources close to Foxconn confirmed on Monday, saying they believed it was disclosed by a state-backed paper for political reasons tied to Taiwan's upcoming elections.

www.reuters.com

 

[Pakistan First]

A lesson not just for prospective investors from the far east, but also from Europe and US. Will put a dent into "Make in India" vision.