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xiaomi: Xiaomi appoints a new Indian chief in place of Jain

NEW DELHI: At a time when it faces multiple government investigations for financial irregularities and other questionable dealings, Chinese phone giant Xiaomi has replaced its embattled former Indian CEO Manu Kumar Jain with a Hong Kong-born executive as part of a a broader organizational shake-up as the company reinvents itself in a country that is its largest country outside of China.
India’s new chief, Alvin Tse, who carries the designation of Managing Director of India against the position of Jain of India MD, holds a British passport and has past experience working in Beijing for Xiaomi and others. brands. Tse is a member of the global founding team of Xiaomi and former general manager of Xiaomi Indonesia. Jain was the face of Xiaomi in India since the brand began operations in 2014, but has recently come under regulatory scrutiny due to increased investigative activity around the operations. Xiaomi has been accused of various financial irregularities, which led to IT raids, in addition to being ordered to remove certain apps after it was suspected that its phones were surreptitiously sending Indian user data to China.

Jain is said to have moved his base to Dubai as the company’s ‘global vice president’, but the move was done in a low-key way, quite unusual for the entrepreneur who was most active on the platforms of social media, with business announcements and personal messages. Jain – who was reportedly recently grilled by the ED – also referenced his current job profile and location in a Twitter post on Friday where he posted the organizational shake-up press release. “Many of you have asked me about my current role. Hope this clarifies. I moved overseas a year ago to take on a global role with the group. Exciting new journey .
Congratulations to Alvin,” he said. Sources say the heat of investigations in India has put pressure on Xiaomi’s top management. He was facing questions over numerous charges, such as why his operations were in a loss, despite his revenue rising exponentially.
“After seven years in India, last year Manu Kumar Jain transitioned to a global role as Group Vice President and is currently responsible for international strategy, including international marketing and public relations. Since the Jain’s transition, Xiaomi India’s management team i.e. Muralikrishnan B, COO, Raghu Reddy, Chief Commercial Officer, and Sameer BS Rao, CFO, are leading the Indian business in a quite independent and will continue to be a strong driving force behind the brand,” the company said in a statement.