Breakingviews - Chinese investors can soothe Xiaomi’s U.S. pains

A man uses his smartphone next to the Xiaomi brand's store in central Kiev, Ukraine February 11, 2020. REUTERS/Valentyn Ogirenko

The unexpected addition to the Pentagon’s list will force Americans to divest their holdings in Xiaomi, whose market capitalisation tumbled to $96 billion on Friday morning. Confusion has swirled around the process: companies have been frequently added, while the U.S. Treasury Department is still expanding its guidance over how exactly to comply and the original order itself has been amended.

🇮🇳 should follow the same

It's OK plenty of investors around the world want to invest in xiaomi one of the biggest growing companies in the world...

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Xiaomi sues U.S. to overturn Chinese military designation and share investment banThe U.S. designated Xiaomi as one of several 'Communist Chinese military companies' which restricts Americans from buying shares in the smartphone firm. good luck Sure. Binden will pay for it. Chinese companies expect others to behave democratically but other companies face ban in China.
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Chinese tech giant Xiaomi opens factory in Turkey's IstanbulThe factory, which was established on a 14,000-square-metre area, will have a capacity of producing five million devices annually and create 2,000 jobs.
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