US declares Xiaomi a "Communist Chinese military company," bans investments

US declares Xiaomi a "Communist Chinese military company," bans investments Arstechnica The latest shot in the US Government’s war on leading Chinese smartphone vendors is directed at Xiaomi, which today has landed on the US government’s list of “Communist Chinese Military Companies” via a new executive order. The declaration makes it illegal for US citizens to own Xiaomi stock. The US and China have been trading blows for a year and a half now over Huawei, which was added to the “entity list” by the US Department of Commerce. While on the entity list, American companies can’t collaborate with Huawei…