All royalty payments are legitimate: Xiaomi India on seizure of funds by ED
Image Credit: gizchina
Mobile manufacturer Xiaomi India has issued a clarification on seizure of its funds worth INR 5,551.27 Cr by the Enforcement Directorate (ED) and said that all its royalty payments are legitimate. In a statement, Xiaomi said that it had inked a legal contract with Qualcomm Group (USA) to license intellectual property (IP) for manufacturing smartphones.