We have heard a lot about the U.S government banned Xiaomi for its alleged connections with the Chinese military. Meanwhile, just recently, the U.S court removed Xiaomi from the blacklist and prove Xiaomi not guilty.
Moreover, today, Hong Kong’s stock market opened up and Xiaomi Group grew 10.55%. As per the information, 15 Hong Kong dollars and the market value reached 63.814 billion Hong Kong dollars or about 530.35 billion yuan.
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Aside from this, on March 12, Washington District Judge Rudolph Contreras issued a preliminary order to stop the Department of Defense from restricting US investors’ investment in the Xiaomi Group.
Following this, on March 13, Xiaomi said that the electronic products manufactured by the company are for general consumers. And, the inclusion of the company in the list of Chinese military-related enterprises was an impulsive and unreasonable decision.
However, the U.S court agreed with this statement of Xiaomi. Hence, Xiaomi will continue to debate with the court to eventually declare that the decree is invalid for Xiaomi.
