AFTER BEING DRAGGED TO COURT, US DECIDES TO REMOVE XIAOMI FROM BLACKLIST

Highlights

• According to a filing to the US courts on Tuesday, after being dragged to the court the US Defense Department now has agreed that a final order vacating the designation would be appropriate

• The impact of this news was clearly visible on the stock markets as shares of Xiaomi rallied nearly 6.7 percent in Hong Kong trading on Wednesday

The United States government have decided to remove Chin....