These companies have enormous potential given the size of their markets and opportunities to build infrastructure in those regions, said Citi's David Bailin.

US agrees to lift Trump-era ban on China's Xiaomi

09:33am, Wednesday, 12'th May 2021
The US government will no longer blacklist Chinese smartphone maker Xiaomi, lifting a short and contentious ban on Americans investing in the company that was introduced by the Trump administration.
The reversal of the Trump-era action will once again allow American entities to invest in Xiaomi.
The U.S Department of Defense has agreed to remove the Chinese smartphone company Xiaomi Corp's (OTC: XIACF) blacklisting, bringing an end to their ongoing tussle, Reuters reports. The Court filin
May.12 -- Xiaomi Corp. reached an agreement with the U.S. government to set aside a Trump administration blacklisting that could have restricted American investment in the Chinese smartphone giant. J
May.12 -- Xiaomi Corp. reached an agreement with the U.S. government to set aside a Trump administration blacklisting that could have restricted American investment in the Chinese smartphone giant. J
The U.S. has agreed to remove Xiaomi from a blacklist that would have barred Americans from investing in the Chinese smartphone maker.
The U.S Department of Defense will remove China's Xiaomi Corp from a government blacklist, a court filing showed, clearing the way for any future American investment in the smartphone maker.
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