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Chief business officer Raghu Reddy, who helped the Chinese company to the top of India’s smartphone and smart-television markets, resigned to “pursue different growth opportunities externally,” Xiaomi India said. — Bloomberg

NEW DELHI: One of Xiaomi Corp’s top executives in India is leaving the smartphone maker just as it faces intensifying regulatory scrutiny and competitive pressure in the country.

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Chief business officer Raghu Reddy, who helped the Chinese company to the top of India’s smartphone and smart-television markets, resigned to “pursue different growth opportunities externally,” Xiaomi India said yesterday. “It has been a privilege to have Raghu as an integral part of the Xiaomi India leadership team.”

Xiaomi is among Chinese companies targeted by India’s government amid continued hostility between the two nuclear-armed neighbours since 2020 when the deadliest fighting in decades erupted along a disputed Himalayan border site. — Bloomberg

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