Indian govt has escalated crackdown on Oppo, Xiaomi and Vivo – the three Chinese technology groups that control about 60 per cent of India’s smartphone market.
- India’s Directorate of Revenue Intelligence, a financial enforcement agency, has alleged that Oppo, which along with Vivo is owned by Dongguan-based BBK Electronics, had evaded taxes worth Rs43.9bn ($550mn).
- In response, the Chinese embassy in India complained that “frequent investigations by the Indian side into Chinese enterprises” were disrupting their business operations.
[Via]
