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Facing Double Whammy in India, Will Xiaomi Look Home for Comfort?

Benzinga Real-time News ·  May 12, 2022 13:20

KeyTakeaways:

  • Xiaomi has been accused of tax evasion in India, though the company claims its activities complied with local laws
  • Ban of company's local apps is dealing a second blow to Xiaomi in India, leading some to predict it could switch its focus back to its home Chinese market

By Ken Lo

Beware the dangers of operating in a foreign land – especially one that has tense relations with your home government. That's the situation now facing smartphone makerXiaomi Corp. (OTC:XIACF), whose seemingly run-of-the-mill tax dispute in India has snowballed into a...

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