Xiaomi sues in US court to overturn Donald Trump’s ban on investing in world’s third-largest smartphone maker

//Xiaomi sues in US court to overturn Donald Trump’s ban on investing in world’s third-largest smartphone maker

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…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-01-30T03:45:16+00:00 January 30th, 2021|Technology|Comments Off on Xiaomi sues in US court to overturn Donald Trump’s ban on investing in world’s third-largest smartphone maker