Xiaomi shares fall 10% after US blacklists smartphone maker | Check company's reaction here
In a major development, the US government has added Chinese conglomerate Xiaomi to a list of “Communist Chinese military companies”. After Huawei and ZTE, the outgoing Donald Trump administration continues to target major Chinese companies.
Meanwhile, the Company confirms that it is not owned, controlled or affiliated with the Chinese military, and is not a “Communist Chinese Military Company” defined under the National Defense Authorization Act (NDAA).