SMARTPHONE BRAND XIAOMI BLACKLISTED BY THE U.S.

Highlights

• US Department of Defense in a new list has targeted Xiaomi and now the American investors are refrained from placing their bets on the company

• The US had already blacklisted several companies including likes of Huawei and ZTE

• The company will take appropriate course of actions to protect the interests of the Company and its shareholders said a Xiaomi spokesperson in a statement