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US government and Xiaomi reach an agreement


The US government has agreed to remove Xiaomi from the US blacklist. As a result, American investors and suppliers can once again work with the Chinese smartphone maker without incarceration. The Chinese smartphone giant had sued the government earlier this year after the US Department of Defense under former President Donald Trump issued an order classifying the company as a communist Chinese military contractor. This would have resulted in delisting from US stock exchanges and removal from global benchmark indexes.


Source: https://finance.sina.com.cn/tech/2021-05-12/doc-ikmyaawc4846131.shtml

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