Xiaomi is now in the US government's blacklist

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It seems that Xiaomi has recently been placed in the US government’s blacklist, which means that US investors will not be allowed to purchase shares from Xiaomi. Unlike Huawei, Xiaomi is still able to import and use technologies from the US without a need for a license.

Based on a statement by gizmochina, there could be a chance that the Biden administration could overturn the decision when they take power from 20 January 2021 onwards. With that being said, what are your thoughts on Xiaomi being placed in the blacklist in the US? Let us know on our Facebook page and for more updates like this, stay tuned to TechNave.com