On May 25, 2021, a United States District Judge signed a document that removes Xiaomi from the country’s blacklist. The US had restricted XIaomi’s movement in its market because the company was classified as a Communist Chinese Military Company (CCMC).
This limitation has now been fully lifted, allowing the company to once again operate on US shores. Here’s the company’s official statement:
Xiaomi (the “Company”) is pleased to announce that on May 25, 2021 at 4:09 pm (Eastern Standard Time), the U.S. District Court for the District of Columbia issued a final order vacating the U.S. Department of Defense’s designation of the Company as a “Communist Chinese Military Company” (CCMC). In vacating the designation, the court formally lifted all restrictions on U.S. persons’ ability to purchase or hold securities of the Company.
The Company is grateful for the trust and support of its global users, partners, employees and shareholders. The Company reiterates that it is an open, transparent, publicly traded, independently operated and managed corporation. The Company will continue to provide reliable consumer electronics products and services to users, and to relentlessly build amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.
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