xiaomi
Washington (AFP) - A US judge on Friday ordered Chinese smartphone maker Xiaomi temporarily removed from a government blacklist barring American investment in the company. Six days before Donald Trump left office last year, his administration cemented its trade war legacy against Beijing with a series of announcements targeting Chinese firms including Xiaomi, state oil giant CNOOC, and social media darling TikTok. Xiaomi was one of nine firms classified by the Pentagon as "Communist Chinese military companies." But US District Judge Rudolph Contreras in Washington ruled Friday the Departments ...
AFP
Washington (AFP) - Chinese smartphone maker Xiaomi said Sunday it had filed a lawsuit seeking to overturn the former Trump administration's last-minute blacklisting of the electronics giant. Xiaomi said it filed the appeal with a Washington federal court Friday after former president Donald Trump's administration barred investment in the firm, saying the Beijing-headquartered company was a part of the Chinese military. In a statement, Xiaomi said it "believes that the decision ... was factually incorrect and has deprived the company of legal due process." "With a view to protecting the interes...
AFP
Hong Kong (AFP) - Shares in Xiaomi collapsed on Friday after the United States blacklisted the smartphone giant and a host of other Chinese firms as the Trump administration aims to cement its trade war legacy against Beijing. Beijing hit back at the latest sanctions, accusing the US of "abusing state power" to crack down on Chinese companies "for no reason". The flurry of last-minute blacklistings is the coda to four years of aggressive diplomatic and trade policies towards rival China under Donald Trump. With just six days to go before the president leaves office, US officials made a series ...
AFP
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