icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
30 Jan, 2021 05:34

Chinese tech giant Xiaomi sues Pentagon & US Treasury, demanding removal from blacklist linking it to Beijing’s military

Chinese tech giant Xiaomi sues Pentagon & US Treasury, demanding removal from blacklist linking it to Beijing’s military

One of the largest global smartphone makers, China’s Xiaomi, has filed a legal complaint in a US court, urging the government to strike it from a blacklist of firms allegedly tied to China’s military while denying any such links.

Xiaomi demanded that it be removed from the list on Friday, telling a Washington, DC district court that the decision to put it there was “unlawful and unconstitutional,” Reuters reported. It insisted it had no connection to the People’s Liberation Army, pointing to a “substantial number” of American citizens that have major stakes in the company, with US-based financial firms making up three of its top 10 investors.

The company was added to the blacklist along with eight other firms last month in the waning days of the Donald Trump administration, which required all American investors to pull their money out of the companies by a deadline of November 11, 2021.

Also on rt.com War on Chinese tech is a way for the US to continue spying on YOU and the rest of the world unchallenged

Addressed to US President Joe Biden’s nominees to lead the Pentagon and the Treasury, Lloyd Austin and Janet Yellen, the complaint also said the investment ban would cause “immediate and irreparable harm to Xiaomi.”

“The company’s strategic relationships with US financial institutions – critical for Xiaomi to continue to access the capital it needs to continue to grow in a highly competitive market – will be significantly damaged,” the court filing said.

“Moreover, the public association of Xiaomi with the Chinese military will significantly impair the company’s standing with business partners and consumers, causing reputational harms that cannot be readily quantified or easily repaired.”

If you like this story, share it with a friend!