In the early days of this year, Xiaomi was subject to an executive order ban by the US Department of Defense over allegations of being a “Communist Chinese Military Company”. The action undertaken in the last days of President Trump’s term prevented US companies from investing capital in Xiaomi and naturally raised concerns if more severe measures could be taken in a similar manner to Huawei’s ban.
In a sigh of relief, Xiaomi was granted a preliminary injunction by the U.S. District Court of the District of Columbia which lifts the investment restrictions for US companies. U.S….
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