Article by [author-name] (c) South China Morning Post - Read full story here.
Xiaomi sues in US court to overturn Donald Trump’s ban on investing in world’s third-largest smartphone maker
Xiaomi Corp, the world’s third-largest smartphone vendor, has sued the defence and treasury departments of the United States, seeking to undo the former Trump administration’s ban that prohibits US investors from owning the company’s shares.The US Department of Defence (DOD) designation of Xiaomi’s affiliation with the People’s Liberation Army (PLA) of China is “unconstitutional” as “it deprives Xiaomi of its liberty and property rights without due process of law,” according to the Beijing…