News Snapshot:
by Swarajya Staff - Jan 30, 2021 01:43 PM Xiaomi Logo (xiaomi / via twitter) Xiaomi Corporation, the world’s third-largest smartphone manufacturer, has sued the United States governme nt seeking to undo a ban by Donald Trump administration prohibiting US investors from owning the company’s shares. In a filing at the US District Court of Columbia, Xiaomi contented that the executive order by US Department of Defence (DOD) designating it as a Communist Chinese military company (“CCMC”) is “unconstitutional” and it deprives it of its liberty and property rights without due process of law". In its lawsuit, Xiaomi argued that...
