China giants who went to India to mine gold were hurt badly! - Video

On October 10, local time, reports emerged that Indian financial enforcement agencies had arrested four individuals, one of whom was an employee of the Chinese smartphone manufacturer vivo. In response, vivo stated to the media, "Vivo strictly adheres to local laws and regulations in India. We are closely monitoring the recent investigation and will take all feasible legal measures in response."

Previously, foreign media, citing two sources, indicated that four vivo employees had been arrested. However, during a court hearing for the executives, the lawyers claimed that only one vivo employee was arrested, referred to as a Chinese citizen in legal documents. These arrests were related to a case from 2022. On the same day, Indian law enforcement agencies conducted a surprise raid on vivo's offices, alleging that they were investigating potential money laundering activities. Vivo has repeatedly denied these allegations of money laundering.

India is the world's second-largest smartphone market, following only China, and it is a crucial battleground for Chinese smartphone manufacturers expanding internationally. As Chinese smartphone brands rapidly seized market share in India, they have become subjects of official restrictions and sanctions imposed by the Indian government in recent years.

In 2014, a wave of Chinese smartphone manufacturers, including vivo and Xiaomi, entered the Indian market and responded to the government's call to establish local manufacturing facilities. By 2019, Xiaomi, vivo, OPPO, and realme collectively shipped 99 million smartphones in India, accounting for 65.5% of the overall shipments.