Friday 29 January 2021

Xiaomi sues the U.S. seeking to reverse Trump's blacklisting of the company

A couple of weeks ago, when Donald Trump was president, he decided to make things difficult for yet another Chinese tech company before leaving the White House. He ordered that all Americans divest themselves of any investments in nine Chinese firms that allegedly have ties to the country's military. One of the companies blacklisted was tech manufacturer . Under the blacklisting, U.S. investors must sell their Xiaomi shares or sell any other investment made in Xiaomi by November 11th, 2021.

, Xiaomi sent us a statement that said, "The Company has been in compliance ...

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