Xiaomi denies association with Chinese military after US President Trump-led govt imposes ban
The US Department of Defense (DOD) added nine companies to its list of Chinese companies with military links, including Xiaomi and plane manufacturer Commercial Aircraft Corp. of China (Comac). January 15, 2021 / 01:38 PM IST
Xiaomi has responded to the US ban that was imposed earlier today. The Chinese smartphone giant has refuted the claims of being affiliated with the Chinese military, and said it is not a “Communist Chinese Military Company”. Earlier in the day, Xiaomi’s Hong Kong-listed shares fell nearly 11 percent at the start of trading after the US blacklisted the smartphone maker barring investors from investing in its shares.