{"id":182306,"date":"2021-02-01T08:38:19","date_gmt":"2021-02-01T08:38:19","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=308271"},"modified":"2021-02-01T08:38:19","modified_gmt":"2021-02-01T08:38:19","slug":"xiaomi-files-lawsuit-to-overturn-us-investment-ban","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/02\/01\/xiaomi-files-lawsuit-to-overturn-us-investment-ban\/","title":{"rendered":"Xiaomi files lawsuit to overturn US investment ban"},"content":{"rendered":"

<\/p>\n

\tXiaomi initiated legal action against two US government departments seeking to overturn a ban on local investors owning shares in the Chinese device maker.<\/p>\n

In a filing with the Hong Kong stock exchange, Xiaomi said a decision by the US defence and treasury [1] departments to include it as a \u201cCommunist Chinese military company was factually incorrect\u201d and \u201cdeprived the company of legal due process\u201d.<\/p>\n

Xiaomi explained it acted to protect its interests by asking a US district court to declare the decision illegal and reverse it.<\/p>\n

The US requires investors to divest their holdings in companies deemed to have links with the Chinese military: Huawei, all three major Chinese operators and Semiconductor Manufacturing International Corp are among the businesses already listed.<\/p>\n

IDC data showed Xiaomi ranked third [2] in global smartphone shipments in Q4 2020, shipping 43.3 million units.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/xiaomi-in-us-crosshairs-over-military-links
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/smartphone-market-battles-back-in-q4<\/p>\n\n

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Xiaomi initiated legal action against two US government departments seeking to overturn a ban on …<\/p>\n

The post Xiaomi files lawsuit to overturn US investment ban<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Xiaomi files lawsuit to overturn US investment ban - ITTeacherITFreelance.hk","description":"Xiaomi initiated legal action against two US government departments seeking to overturn a ban on ... The post Xiaomi files lawsuit to overturn US investment ban"},"footnotes":""},"categories":[8,21,7],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/182306"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=182306"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/182306\/revisions"}],"predecessor-version":[{"id":182307,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/182306\/revisions\/182307"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=182306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=182306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=182306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}