Chinese mobile phone companies are in trouble in India, and Vivo has been accused of illegally transferring assets abroad to evade taxes
Triggered a money laundering investigation in India**. This accusation involves 6247INR 600 crore funding,
This is equivalent to half of vivo's total turnover in India. This means that vivo has evaded half of its income in India.
The charges allege that Vivo worked with four individuals arrested in India by setting up 23 shell companies
Illegal transfer of funds abroad. If the charges are confirmed, vivo will face the fate of a hefty fine.
This is not uncommon in India, and many multinationals have experienced similar situations.
India has always adopted a protectionist policy towards foreign companies, especially for Chinese mobile phone companies. Xiaomi,
Chinese mobile phone brands such as OPPO and vivo have been sanctioned and investigated by India. In this context,
India has become an attractive and challenging market for multinationals.
India's protectionist tradition and strict regulation of foreign companies,
How did it lead to the difficulties of multinationals in India? What's the secret? It's worth our in-depth **.