News Snapshot:
with 0 comments The U.S. Department of Defense has put Xiaomi and eight other Chinese firms on an investment blacklist that prevents American investors from investing in these companies. All existing American investors will also have to divest their holdings in the backlisted firms by November 11, 2021. Huawei is already a part of this blacklist . Xiaomi is China's second-largest and the world's third-biggest smartphone maker. Notably, Qualcomm Ventures, the venture capital arm of Qualcomm, has invested in Xiaomi. If the decision is not overturned, the San Diego-based chipmaker might have to divest its holdings in Xiaomi by November....
