US Backlist Xiaomi – US Investors must withdraw till November, Trump administration has blacklisted another Chinese company.
Us Ex President Administration consider Xiaomi as “Communist Chinese Military Company” which make it qualifies to be in the blacklist like Huawei .
Executive Orders from White House that prevent American companies (if they are related to security or investment) to invest in Chinese companies that fund Communist Chinese Military Companies.
Selecting Xiaomi as Communist Chinese Military Company , which happens to be worlds 3rd smart phone company is now in US blacklist.
US Government expect from US companies to divest in Xiaomi by November 2021. Huawei is also in blacklist, US Government is banning almost every major thing from china.
Recently they banned TikTok considering as they are spying and share US citizens data with Chinese Government.
Lets se what happens in near future, will tensions between US and China will be resolved?
US Backlist Xiaomi, maybe Chinese companies are covering more tech market in America then their own Tech companies.
if you do not know what is meaning of the term “Communist Chinese military company” Visit Whitehouse Official website.
