Xiaomi growth loses its shine with India ban
HONG KONG: A patent dispute has forced a retreat for China’s top smartphone brand. The stakes are high because Indian demand for low-end phones could be huge. Xiaomi can probably pay up and start selling again, but patent fees will squeeze margins, and in turn the company’s valuation. Chinese smartphone maker Xiaomi was ordered by Delhi High Court to stop selling its smartphones in India on Dec. 11.