|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||7.01 - 7.41|
|52-week range||6.41 - 18.50|
|Beta (5Y monthly)||1.52|
|PE ratio (TTM)||23.33|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
China’s leading smartphone makers have told suppliers to scale back orders for the coming quarters by around 20 per cent from previous plans following month-long Covid-19 lockdowns that have severely disrupted supply chains and battered consumer confidence, Nikkei Asia has learned. Xiaomi, China’s biggest smartphone maker and the third biggest globally, has told suppliers that it will lower its full-year forecast to around 160mn to 180mn units from its previous target of 200mn, sources briefed on the matter said. Xiaomi shipped 191mn smartphones last year and is aiming to become the world’s leading smartphone maker.
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.
NEW DELHI (Reuters) -India said on Saturday it had seized $725 million from the local bank accounts of China's Xiaomi Corp after a probe found the smartphone maker had made illegal remittances to foreign entities by passing them off as royalty payments. The Enforcement Directorate had been investigating the Chinese company's business practices over suspected violations of Indian foreign exchange laws. The financial crime fighting agency said on Saturday it had seized the bank account assets from Xiaomi Technology India Private Limited after finding the firm had remitted the foreign currency equivalent of 55.5 billion rupees to three foreign-based entities, including one Xiaomi group entity, "in the guise of royalty" payments.