Chinese smartphone brand Honor withdraws its team from India: Report

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Before Huawei sub-brands Respect withdrew its group from India, according to a report by China-based Securities Times newspaper. The report is based on the statement Zhao Ming, the CEO of Honor, is said to have made during the branding process. smartphone event launched last week. However, the company’s operations in India will continue and will be managed by local partners, the report said. Zhao also said the team had been asked to leave India for “obvious reasons” and that the brand would now adopt “a very safe approach”.
Indian government gave specialization Chinese people technology brands like Vivo, Oppo and Xiaomi worrying about its recent crackdowns. Vivo’s local offices were raided earlier by Executive Board (ED) as part of an investigation into alleged money laundering. ED frozen 119 bank accounts related to Vivo’s business in India holding 4.65 billion rupees ($58.76 million), according to a Reuters report. ED is reported to have raided 48 locations of Vivo and its 23 related units in a week and it is alleged that the proceeds from the sale of Vivo India were diverted out of India to cause a case of loss of revenue and thus tax evasion.
A few days later, Oppo’s offices were also visited by government officials, and Vivo’s sister brand was accused of evading $550 million in taxes, as reported by the South China Morning Post. Xiaomi was also targeted by the government when $725 million was confiscated from the company for alleged illegal money transfers.
India has also banned hundreds of Chinese apps over national security concerns, some of the main apps being Bytedance-owned TikTok and Tencent’s mobile version of PlayerUnknowns Battlegrounds.


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