Xiaomi India names Qualcomm as destination for allegedly illegal payments

Chinese smartphone maker Xiaomi’s Indian subsidiary has expressed disappointment with a decision by nation’s government to freeze $683 million of its assets, claiming the disputed funds were payments to US chip giant Qualcomm. The cash was seized in May, when Indian authorities opened an investigation into alleged illegal …

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Grab...what?

The superapp’s financial arm provides both cash advances and loans. Thirty percent of the company’s gig economy drivers already have one.

The song that came to mind was Tennessee Ernie Ford singing "16 tons"..."I owe my soul to the company store".

Some things never change.