Xiaomi Global VP Manu Jain quits company

Chinese smart device maker Xiaomi’s global vice president and former head of its Indian arm Manu Kumar Jain announced his resignation on Monday after about nine years stint at the company.

The development comes amidst the ongoing legal tussle between Enforcement Directorate and Xiaomi over alleged Foreign Exchange Management Act (FEMA) violation by the company.

“Change is the only constant in life! Last 9 years, I’m lucky to have received so much love that it makes this goodbye so difficult. Thank you all.