Wednesday, 12 May 2021

Xiaomi is no longer blacklisted by the US government

The Chinese company Xiaomi is no longer blacklisted by the US government, following a lawsuit to US courts. According to Bloomberg, sides agreed “upon a path forward that would resolve this litigation without the need for a contested briefing”, meaning the US Defense Department backed down from de-listing the manufacturer from global benchmark indexes. The conflict first began in November 2020, when former US President Donald Trump designated Xiaomi as a “Communist Chinese military company”, barring American citizens and companies from investing or dealing with the maker. Xiaomi...

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