|Bid||11.660 x 0|
|Ask||11.680 x 0|
|Day's range||11.460 - 11.780|
|52-week range||10.300 - 30.450|
|Beta (5Y monthly)||1.50|
|PE ratio (TTM)||N/A|
|Earnings date||19 May 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||19.03|
BEIJING/NEW DELHI (Reuters) -China on Monday urged India to ensure Chinese companies operating in India are not discriminated against, after Xiaomi Corp said its executives there had faced threats of violence during questioning over alleged illegal remittances. Reuters reported on Saturday that Xiaomi, the biggest smartphone seller in India, had outlined the alleged threats of physical violence and coercion from officials of India's Enforcement Directorate - which tackles financial crime - in a filing to an Indian court.
Chinese smartphone maker Xiaomi Corp has alleged its top executives faced threats of "physical violence" and coercion during questioning by India's financial crime fighting agency, according to a court filing seen by Reuters. Officials from the Enforcement Directorate warned the company's former India managing director, Manu Kumar Jain, current Chief Financial Officer Sameer B.S. Rao, and their families of "dire consequences" if they did not submit statements as desired by the agency, Xiaomi's filing dated May 4 stated. After the Reuters story was published, the Enforcement Directorate issued a statement saying Xiaomi's allegations were "untrue and baseless" and company executives had deposed "voluntarily in the most conducive environment".
An Indian court has put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi Corp for suspected violations of foreign exchange laws, two sources told Reuters on Friday. The Enforcement Directorate last week seized the bank assets of Xiaomi Technology India Private Limited, saying it had found the company illegally remitted funds to three foreign-based entities, including one Xiaomi group entity, "in the guise of royalty" payments. Xiaomi had denied any wrongdoing, saying its "royalty payments and statements to the bank are all legit and truthful".