China replies to raids on Vivo by the ED

The spokesperson of Chinese Embassy in India, Counsellor Wang Xiaojian, has given the first reaction to the raid by the Directorate of Enforcement of India on Vivo India

China's embassy in the South Asian nation has said.

Multiple investigations by Indian enforcement agencies into Chinese companies are damaging the confidence of foreign entities investing and operating in the country.

Asked about the ongoing raids on Vivo offices in several locations in India,

Chinese Foreign Ministry spokesman Zhao Lijian told a media briefing here that the Chinese side is closely following the developments on this matter.

Smartphone maker Vivo, owned by China's BBK Electronics, It is in a money-laundering investigation