Top Xiaomi India executive resigns as challenges mount

One of Xiaomi Corp.’s top executives in India is leaving the smartphone maker just as it faces intensifying regulatory scrutiny and competitive pressure in the country.

Chief Business Officer Raghu Reddy, who helped the Chinese company to the top of India’s smartphone and smart-television markets, resigned to “pursue different growth opportunities externally,” Xiaomi India said in an email on Wednesday. “It has been a privilege to have Raghu as an integral part of the Xiaomi India leadership team,” it said.

Reddy, who is currently serving notice, didn’t respond to a WhatsApp message seeking comment.