Outcome of tax disputes holds key to Xiaomi’s ops

Xiaomi Technology India has said its ability to “continue as a going concern” is dependent on the outcome of multiple regulatory and tax disputes as well as additional funds from the Chinese parent. However, it doesn’t see a threat “for the foreseeable future” based on legal opinions it has obtained and cash flow projections. This is contained in the May 2 Registrar of Companies (RoC) filing by the India unit of the Chinese smartphone maker.