Xiaomi bid to protect its interest

Advanced Search

The story appears on

Page A2

February 1, 2021

GET this page in PDF

Free for subscribers

View shopping cart

Xiaomi bid to protect its interest

Source: Agencies | 00:00 UTC+8 February 1, 2021 |

Print Edition

CHINESE smartphone maker Xiaomi Corp said yesterday that its legal complaint against the US Department of Defense and the Treasury Department was to protect the company’s interests, in a notice on the Hong Kong stock exchange.

The company filed a complaint in a Washington district court on Friday against the US Defense and Treasury Departments, seeking to remove the smartphone maker from an official list of companies with ties to China’s military.

Xiaomi said the US decision to include the company as a “Chinese military company” was “factually incorrect” and said it had asked the courts to declare the decision illegal.

The Defense Department, under the Trump administration in mid-January, added Xiaomi and eight other companies to the list, which requires American investors to divest their holdings in the firms by a set deadline. Xiaomi has said that 75 percent of the company’s voting rights were held by co-founders Lin Bin and Lei Jun.

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Xiaomi bid to protect its interest

Email this to your friend