US adds Xiaomi to list of alleged Chinese military companies
January 15, 2021
The Trump administration has added Xiaomi to the US military list under the National Defense Authorization Act of 1999. That means the US has designated the third-largest smartphone maker in the world — according to IDC, Counterpoint Research and Gartner — as a company owned by the Chinese military. As a result, American investors can’t buy Xiaomi shares or related securities anymore. Also…