BBK Electronics-owned Chinese smartphone companies are reportedly preparing to work as independent entities with sales ed for in their books. As per a report by Economic Times, the Duan Yongping-founded brand has restructured its India operations and made its three brands — OnePlus, and Realme, independent entities. The move could help the manufacturer to de-risk business from the current and future government action against Chinese firms. Different central agencies in the country had accused the brands of income tax evasion, customs violations, fraud and money laundering.
As per the ET Realme independent entities with sales ed for in their own books.
The manufacturer has reportedly transferred sales and distribution of OnePlus and Realme to legal entities OnePlus Technology India and Realme Mobile Telecommunications India, respectively. Earlier, it was overseen by Oppo Mobiles India. Going forward, Oppo Mobiles India will handle the sales and distribution of Oppo. However, Oppo Mobiles will continue to manufacture smartphones for all three brands.
The latest move is considered as a way to "de-risk the business from the current and future government action against Chinese firms". The report quotes one of the executives as saying “BBK is cautious that the way the government is taking action against Chinese companies, any severe and further action against Oppo Mobiles India will impact the business of three large brands. Hence, it wants to separate the three businesses".
Further, the report adds that OnePlus and Realme are already looking for Indian contract manufacturers. OnePlus Technology India has reportedly started g billing, sales and distribution agreements with large retail chains and their distributors in India, whereas Realme Mobile Telecommunications has already begun the process.
Oppo, iQoo operate under a separate entity in the country, Vivo Mobile India.
Last year, the Indian government s linked to Vivo India in July last year.
As per Samsung has a 20 percent share.
OnePlus recently launched its first tablet in India, the OnePlus Pad, which is only sold in a Halo Green colour option. With this tablet, OnePlus has stepped into a new territory that's dominated by Apple's iPad. We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.