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Xiaomi wins dispute vs US government, here's their official statement:

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Back in January, Xiaomi sued the US government over its inclusion on a Pentagon blacklist which prevents Americans from investing in the company. The company said that they have always been in compliance with the law and they are not a "Communist Chinese Military Company".
Xiaomi wins dispute vs US government, here's their official statement:
File photo: Mi 11

Xiaomi wins court ruling versus US government, here's their statement:

Earlier, US District Judge Rudolph Contreras put a temporary halt to the ban and said the move was "arbitrary and capricious" and deprived the company of its due process rights.

In an official statement to team GIZGUIDE, Xiaomi said that they are pleased to see this ruling. The company added that it is a widely held, publicly traded, independently managed corporation that offers consumer electronics products solely for civilian and commercial use.

Xiaomi is pleased to see that on March 12, EST, the court enjoined DOD from implementing or enforcing the designation of Xiaomi as a CCMC. Pursuant to the injunctive relief granted, the Court removed, in full and with immediate effect, the Executive Order 13959 restriction on U.S. persons to purchase Xiaomi's securities and the requirement on U.S. persons to divest their holdings. 

Xiaomi reiterates that it is a widely held, publicly traded, independently managed corporation that offers consumer electronics products solely for civilian and commercial use. 

Xiaomi believes that the decisions of designating it as a Chinese Communist Military Company are arbitrary and capricious, and the judge agrees with it. Xiaomi plans to continue to request that the court declare the designation unlawful and to permanently remove the designation.

Xiaomi is a young and energetic technology company. Over the years, we have offered amazing consumer electronics products such as smartphones and smart TVs with honest prices to consumers all over the world. We are committed to working with our global partners to let everyone in the world enjoy a better life through innovative technology.

Xiaomi also said that the company plans to continue to request that the court declare the designation unlawful and permanently remove its inclusion to the blacklist.

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