Report reveals why the U.S. blacklisted Xiaomi in January

Back in January, just before the new administration moved into the White House, the U.S. blacklisted Chinese manufacturer . The company is red hot and is now the third largest smartphone manufacturer in the world, taking advantage of Huawei’s fall from grace. U.S. investors are now prohibited from investing in the company and those who already have an investment in Xiaomi must divest themselves of these holdings by November 11th. Xiaomi’s shares are traded via the Over The Counter Pink Sheets in the form of American Depository Receipts (ADR). They closed Friday at $15.34 a share, down 25% …

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