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# Business

Xiaomi sells 4 million Redmi 3S handsets in 9 months

Chinese smartphone maker Xiaomi on Saturday announced that its smartphone Redmi 3S has become the highest selling smartphone in the online market…

IANS | New Delhi | May 13, 2017 10:07 am

Xiaomi sells 4 million Redmi 3S handsets in 9 months

(PHOTO: www.mi.com)

Chinese smartphone maker Xiaomi on Saturday announced that its smartphone Redmi 3S has become the highest selling smartphone in the online market with four million units gone in just nine months.

Launched in August 2016, the Rs.6,999 Redmi 3S changed the game in the sub-10k smartphone industry in the country, the company said in a statement.

The premium metal body device has a five-inch HD screen, weighing just 144 gms and the body is 10 per cent thinner than Redmi 2.

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It also supports expandable memory upto 128GB microSD cards.

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# India

ED issues showcause notice to Xiaomi over FEMA violation

The Enforcement Directorate (ED) on Friday said that the Adjudicating Authority has issued showcause notices to Xiaomi Technology India Private Limited, its officials and three banks under the relevant provision of the Foreign Exchange Management Act (FEMA) on the basis of a complaint filed by the probe agency in connection with illegal remittances made by the company to the tune of Rs 5,551.27 crore.