Chinese Smartphone Brand Comio is Leaving India
One of the fastest growing Chinese smartphone brands in India known as Comio is reportedly quitting the Indian market. The basic reason behind the exit is that the company isn’t making money and its Chinese promoters aren’t infusing capital.
"Chinese team members left India in the first week of November, 2018, abruptly and asked us from China to close the operations immediately. We have been regularly following up with them but not getting any satisfactory reply regarding settling pending issues in India,” TopWise Communications (which owns the Comio brand) India CEO Kalirona said.
Also, the CEO stated that the company is trying to take legal and government authorities’ help to ensure “Chinese promoters settle each and everything and honour their commitment in India”.
It was in Septem...