Xiaomi’s 4 billion Rupee Indian Tax Lesson

A risk that has always existed in business is political risk. Many people know this, and Xiaomi is a case of knowing it yet still falling into it. Sino-Indian relations are tense, and as India follows China's model to develop its economy, it is bound to pursue domestic substitution (or even nationalization). Over the past few years, Toutiao has also experienced similar issues in the United States (after all, it's the first civilized country, so it won't go too far). Conversely, consider the war in Russia — didn't wealth simply get expropriated?