Stay updated with breaking news from Lerner Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Xiaomi is facing serious pressure after the company was added to a US blacklist that will stop investors from purchasing shares within 60 days.
U.S. blacklists Xiaomi in widening assault against China technology Bloomberg News, Bloomberg News VIDEO SIGN OUT Xiaomi Corp. plunged a record 10 per cent after the Trump administration blacklisted Chinaâs No. 2 smartphone maker and 10 other companies, broadening efforts to undercut the expansion of the countryâs technology sector. The U.S. has targeted scores of Chinese companies for the stated purpose of protecting national security, but going after Xiaomi was unexpected. The Beijing-based company has been viewed as Chinaâs answer to Apple Inc., producing sleek smart...