Xiaomi’s rare victory against US blacklist could pave the way for other Chinese tech giants


Source: scmp.com scmp.com

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Xiaomi Corp scored a rare victory on Wednesday as it became one of the first Chinese tech giants to scrape its name off a US government trade blacklist and the smartphone maker’s success could give hope to others caught in the crosshairs of the US-China tech war, analysts say. The Beijing-based company reached an agreement with the US Department of Defense to set aside its blacklisting, which had prohibited US investors from owning shares in the company and which would have led to delisting from US exchanges and deletion from global benchmark indices. The agreement came after Xiaomi filed a...