Especially this time, Xiaomi has encountered unprecedented difficulties. US$682 million was frozen and it is difficult to thaw at present, and it may be wasted. Netizens not only sighed that Xiaomi has really encountered a tough problem this time, but also has to worry about troubles coming!
Xiaomi’s 682 million don’t deduct it. It’s really reasonable and can’t explain it.
In April this year, the third brother deducted 5,551 billion rupees (about 682 million US dollars) from Xiaomi Printing Company and said that this was a way for Xiaomi to remit money to foreign entities by pretending to pay the privileged license fee, which violated local laws.
The third brother's actions were too sudden, and Xiaomi was caught off guard. Then he issued an urgent statement saying that he did not violate local laws. The purpose of the 5,551 billion rupees is all payment authorization technology and only property rights, which is a legal and compliant business.
After several months, the Sange Appellate Body once again confirmed that Xiaomi's remittance attributes were still "illegal". Xiaomi was really stunned now and could only issue a statement again. It was not illegal and would take all measures to protect the company's reputation.
Interestingly, Xiaomi admitted this time that more than 84% of the 5,551 crore rupees were paid to Qualcomm to buy patent authorization. And Qualcomm also recognizes that the remittance is legal.
To put it bluntly, this matter was "intentionally done". When the third brother wants to target you, no matter what he says, he will be pale and powerless. It is still a small matter to lose the 555.1 rupees from Xiaomi. Whether the subsequent business can be done and whether the reputation will be affected is a big matter.
San Ge's "rejection reaction" to foreign companies
San Ge's attitude towards foreign companies in recent years is very contradictory. On the one hand, they adopt an open attitude and hope that major well-known companies around the world will go to local factories to do business. For example, India has launched a manufacturing promotion plan of 2 trillion rupees to subsidize overseas companies.
data shows that from 20 to 21, San Ge's manufacturing industry attracted foreign capital of US$21.34 billion, an increase of 76% over the same period. It can be seen that San Ge really wants to use the power of foreign companies to help the local manufacturing industry rise.
But the other hand of the contradiction is that once overseas companies begin to occupy the market locally and "squeeze" the development of local manufacturers, they will become very selfish again and use various methods to "find trouble", deduct money today and fine tomorrow, in short, they will not give a happy birthday.
This also causes many foreign companies to live very comfortable in the first few years of entering the printing industry, but once the "safety period" is passed, life will immediately become unpleasant.
well-known overseas companies Nokia , Amazon , IBM , etc. have all encountered similar situations as Xiaomi. Some companies, because they were targeted too hard, could only give up the local market and run away in shame.
Xiaomi's test is still behind
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The "virtue" of the third brother is probably difficult to change in a short period of time, so Xiaomi's test is probably still behind. You should know that Xiaomi ranks first in the printing market all year round, and the money it earns every year is much more than the 5,551 billion rupees, so it is impossible for Xiaomi to give up the local market because of this matter.
But keeping staying means there will be a risk of being "finding something wrong" in the future. Moreover, from the perspective of the third brother, Xiaomi has become a roadblock to stop the rise of local manufacturing, so the future will be even more and more sad.
I don’t know what decision Xiaomi will make in the face of such a situation, and whether we can find a way to save ourselves.
