Xiaomi pushes to clear name after court suspends US investment ban on the firm

//Xiaomi pushes to clear name after court suspends US investment ban on the firm

Xiaomi pushes to clear name after court suspends US investment ban on the firm

Xiaomi Corp, the world’s third-largest smartphone vendor, will step up efforts to clear its name after a US court suspended a Department of Defence (DOD) ban on American investments in the Chinese company.The US District Court for the District of Columbia on Friday ruled against the DOD’s enforcement of the ban, which prohibits US investors from owning shares in Xiaomi because of its alleged ties with the Chinese military.“Xiaomi believes that the decision of designating it as a ‘Chinese…

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By | 2021-03-13T06:21:36+00:00 March 13th, 2021|Technology|Comments Off on Xiaomi pushes to clear name after court suspends US investment ban on the firm