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Xiaomi: We are not a "Communist Chinese Military Company"

A day following its addition to a new US blacklist, the world's 3rd largest mobile maker Xiaomi denied the accusation that it is a "Communist Chinese Military Company."
Xiaomi: We are not a "Communist Chinese Military Company"
File photo: Xiaomi

Xiaomi responds

In a statement, Xiaomi noted that "the company has been in compliance with the law and operating in compliance with the relevant laws and regulations of jurisdictions where it conducts its businesses."

Xiaomi added that the products and services it provides are for civilian and commercial use and it is not owned, controlled, or affiliated with the Chinese military.

To recap, the US government blacklisted the mobile giant along with other 9 Chinese companies from getting investments from American investors yesterday.

The new US ban also forces American investors to withdraw their holdings on the blacklisted companies by November 11, 2021.

You can read Xiaomi's full statement below:

Posted by Xiaomi on Friday, January 15, 2021

The company noted that it will take the appropriate course of action to protect the interests of the company and its stakeholders.

What do you guys think?

Source: Xiaomi
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