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XIACY - Facing Double Whammy In India Will Xiaomi Look Home For Comfort?
Xiaomi Corp ADR
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.
Xiaomi trades at a current price-to-earnings (P/E) ratio of 10.7 times using its non-GAAP net profit, similar to a 10.4 for Samsung.