After taking measures against Xiaomi, India has reportedly expanded its investigation to ZTE and vivo. Foreign Ministry Spokesperson Zhao Lijian said that the Chinese government is paying close attention to this matter.
In response to a report on Monday that Su Hua, chairman of Chinese short video platform Kuaishou, was taken away by Chinese authorities for investigation at the end of April, Kuaishou issued a statement on Monday denying the rumor.
The Enforcement Directorate, India's financial investigation agency, on Saturday seized $725 million from Xiaomi Technology India Pvt., accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad.
Chinese authorities are investigating former President of China Merchants Bank (CMB) Tian Huiyu for suspected violations, just days after removing him from the bank.
The State Administration for Market Regulation announced on Tuesday morning that it has fined two Luckin entities and 43 third-party companies a combined 61 million yuan (around $9 million).
