Back in January, the United States made a huge move in from the national investment scene, forcing U.S. investors owning holdings in Xiaomi to divest themselves by November, and prohibiting any further investments. The ban came as a sudden shock after Huawei's happened in 2019—especially after it was quickly that Xiaomi's blacklisting was based on similar suspicions of the firm working in cahoots with the Chinese government.
The accusation was based on a state service award received by the mobile manufacturer's CEO in 2019, called "Outstanding Builder of Socialism ...
Monday, 15 March 2021
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