Investigations in India may adversely impact cash flows, operating results: Xiaomi
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On Friday, Chinese smartphone maker Xiaomi said that the ongoing investigations in India could take a long time to settle, which may lead the company to receive judgements or settlement options that ‘may adversely affect its operating results or cash flows’. The company has reported a 20% drop in its global sales, reaching $10.31 Bn in the quarter ended June 30, 2022.