Xiaomi has gotten a reprieve from the US court — it has been taken off the list of companies the US claimed to have links to China’s military.
If effected, the blacklist would make it impossible for people in the US to publicly trade in Xiaomi stocks, on top of other possible restrictions.
In a statement, the China technology giant reiterated that it is a publicly traded and independently operated and managed corporation that offers consumer electronics products solely for civilian use.
Xiaomi also believes that the decisions of designating it as a CCMC are “arbitrary and capricious, and the judge agrees”. It will continue to request that the court permanently remove the designation