LI NETWORK
Xiaomi Corp in United States sues the US Defense and Treasury departments, challenging a blacklisting that blocks American investors from buying the Chinese smartphone giant’s securities.
Xiaomi filled lawsuit after US Department determined earlier this month that the Chinese smartphone maker was affiliated with the People’s Liberation Army and sharing crucial user data.
Xiaomi backlashing the blacklisting and called the step “unconstitutional” and seeks a court ruling to reverse the designation, which was made in the waning days of the Trump administration.
Under the Presidency of Donald Trump, the US had targeted scores of Chinese tech companies citing national security. Huawei Technologies Co, one of the biggest rivals to Xiaomi in smartphone market, was cut off from its key suppliers as a result of a series of restrictions imposed by the former administration.