US admits Xiaomi isn’t a ‘Communist Chinese military company’ after all
The US has formally removed Xiaomi from its trading blacklist. The US District Court for the District of Columbia issued a final order yesterday that vacated the Department of Defense’s designation of Xiaomi as a “Communist Chinese military company” (CCMC), which would have prohibited Americans from investing in the Chinese consumer tech giant.
“The Company is grateful for the trust and support of its global users, partners, employees and shareholders,” a Xiaomi spokesperson says in a statement to The Verge. “The Company reiterates that it is an open, transparent, publicly traded, independently operated and managed corporation. The Company will continue to provide reliable consumer electronics products and services to users, and to…