President of Xiaomi Group: Xiaomi has successfully released more than 700 million US dollars in funds in India, and will continue to communicate complaints


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 Titanium Media App reported on August 19 that Xiaomi released its financial report for the second quarter of 2022. In the subsequent financial report analysis meeting, Wang Xiang, partner and president of Xiaomi Group, said in an interview with reporters that Xiaomi is actively responding to the investigation by the Indian government, and there is currently no preparation for provision, because Xiaomi’s business in India is still normal. Among them, Xiaomi has successfully thawed more than $700 million in frozen funds. Wang Xiang said that some of the frozen funds are still being negotiated, and Xiaomi's business progress and factory production in India are also in normal progress. Xiaomi will earnestly and actively conduct candid communication with relevant departments of the Indian government, and will also appeal through the judicial system. (Source: Shell Finance)

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