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Samsung to overtake Xiaomi as India’s top smartphone brand in 2023, reclaiming crown amid crackdown on Chinese brands
Samsung’s quarterly shipments have been outperforming Xiaomi’s for four consecutive quarters, according to Counterpoint Research data.
Chinese phone brand Vivo vows support for executives arrested in India
Chinese phone brand Vivo vows support for executives arrested in India
Samsung had led the market for six years until the last quarter of 2017, when it was overtaken by Xiaomi. Chinese brands, known for their budget handsets, have dominated the market for years, but recent geopolitical tensions are putting them on more shaky footing.
Since a deadly 2020 border clash between Chinese and Indian forces, New Delhi has put increasing pressure on Chinese tech companies. The government banned dozens of Chinese apps, including the viral short video platform TikTok and WeChat, the super app from Tencent Holdings.
The Indian government has also hit big Chinese brands with raids and tax penalties amid intensified scrutiny of business from its northern neighbour.
In April this year, an Indian High Court rejected a plea from Xiaomi to return funds worth more than US$676 million, which were seized in April 2022 after India’s federal financial crimes agency alleged the company’s local unit made illegal remittances to foreign entities by passing them off as royalty payments. Xiaomi has denied the accusations and is set to continue the legal fight, the South China Morning Post reported in June.
Last year, Indian authorities raided the offices of Xiaomi and Vivo over tax evasion and money laundering allegations. Xiaomi had already closed its financial services business in India, pulling its mobile payment and digital lending apps from local app stores.