We already know that Chinese smartphones brands OnePlus, Oppo, and Realme fall under BBK Electronics. However, it appears that this is now changing as the parent entity seems to be making is establishing each of these companies as completely individual.
OnePlus, Oppo, & Realme are technically no longer sibling brands
BBK announced recently that the three smartphone makers will now function completely as individual entities. Interestingly, this news move also arrives as the Indian Government is seeking to tighten the reins around Chinese tech giants. For those unaware, the Directorate of Revenue Intelligence has accused various China based brands of various illegal business practices that include customs violations, money laundering, tax evasion, and more.
In the recent past, Oppo India was accused of evading customs duty that was worth a whopping 4,389 crores INR or roughly 531 million US Dollars. After this, the authorities freezing the bank accounts of Oppo that had 2,082 crore INR. This was a big blow to Oppo’s Indian operations and even BBK’s considering that it was responsible for the distribution of OnePlus and Realme branded products as well in the region.
So now, BBK Electronics are making the three companies completely individual, with each having their own legal companies. This includes OnePlus technology and Realme Mobile Telecommunications in India. BBK Electronics will now face lower risk to their business operations in the region in the region as each firms are technically separated from one another, while OnePlus and Realme are currently in search for new contract manufacturers as well as establishing their individual contracts with retailers and distributors.
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(Via)