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Chinese smartphone cos may exit India amid govt crackdown: Chinese state media

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chinese smartphone cos may exit india amid govt crackdown: chinese state media Chinese smartphone makers may exit India amid a recent government crackdown on companies such as Xiaomi, Vivo and Oppo, according to a report in Global Times, a state-controlled news publication. Chinese phone makers are looking at Indonesia, Bangladesh and Nigeria as potential replacements for India to set up their manufacturing bases. Oppo already has plans to set up a manufacturing plant for $20 million in Egypt, a development the article describes as a “pacesetter”. A Chinese executive based in India told Global Times that the companies would evaluate…

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