A fierce price war broke out between U.S. and Chinese rivals. Chinese tech company Xiaomi announced that it will sell its first electric car for far less than Tesla’s Model 3. But analysts note the firm could be taking losses on each one sold.
NEW DELHI—Indian authorities on Saturday seized $725 million from Chinese smartphone company Xiaomi, accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad, officials said. The Enforcement Directorate, India’s financial investigation agency, tweeted that it had seized the amount from Xiaomi’s local unit. The move comes after an investigation was launched […]
A Jan. 6 report by Taiwan’s National Communications Commission (NCC) is setting off alarm bells. It detected seven built-in apps, buried inside a certain kind of Chinese smartphone by Xiaomi. All the apps share one common function—censoring politically sensitive words.
The German Federal Office for Information Security, or BSI, is launching an investigation into Chinese mobile company Xiaomi. The investigation was triggered by a warning from the European country Lithuania, saying phones made by Xiaomi and Huawei can detect and censor terms Beijing doesn’t like. And these phone companies can remotely activate the censorship function.
An unusually broad coalition of countries is calling out Beijing for its hacking practices. Its cyber-espionage campaign is believed to target sensitive technology. Rallies in support of Falun Gong are happening from North America to Europe. The Chinese Communist Party has been waging a brutal persecution against the spiritual movement for 22 years. A surprise […]
Two Chinese tech giants are welcoming American investment back into their ranks, after a Trump-era rule blocked U.S. investors from funding them for months. Global index publisher FTSE Russell announced the news, saying it would add them back to its stock indexes.
WASHINGTON—The U.S. Defense Department will remove China’s Xiaomi from a government blacklist, a court filing showed, marking a reversal by the Biden administration of one of former President Donald Trump’s last actions aimed at Beijing before exiting office. The court filing said the company and the U.S. government would agree to resolve their ongoing litigation, […]
A U.S. judge has temporarily halted a ban that blocks Americans from investing in a Chinese smartphone maker. In January, the Defense Department added Chinese phone-maker Xiaomi to a blacklist based on alleged links to the Chinese military. The ban bars all American investment in any companies blacklisted by the Defense Department. U.S. investors must divest all […]
A U.S. federal judge on Friday temporarily blocked the Department of Defense from forcing American investors to divest from Chinese smartphone maker Xiaomi Corp on the grounds the company has ties to China’s military. The Defense Department, under the Trump administration in mid-January, added Xiaomi and eight other firms to a list that requires Americans […]
The U.S. Department of Defense on Jan. 14 added nine Chinese companies to a growing list of companies with ties to the Chinese military. Among the nine companies were cellphone maker Xiaomi, semiconductor equipment maker Advanced Micro-Fabrication Equipment (AMEC), chip designer GOWIN Semiconductor, state-owned China National Aviation Holding, and aircraft manufacturer Commercial Aircraft Corporation of […]
