Xiaomi sued the U.S. government and finally decided: win! What else did you do today?
Xiaomi announced this morning that at 4:00 p.m. EDT on May 25, 2021, the U.S. District Court of the District of Columbia issued a final judgment, lifting the U.S. Department of Defense’s determination that Xiaomi is a Chinese military company, and formally lifting all restrictions on U.S. investors’ purchase or holding of the company’s securities. This means that the lawsuit, which lasted for nearly four months, has finally been resolved. Lei Jun, founder and chairman of Xiaomi, excitedly tweeted: “we won.” After the news was announced, Xiaomi jumped to open at HK $28.25 per share early on the 26th, reaching a peak of HK $28.50 per share. As early as January this year, Xiaomi announced that the company had noticed that the United States had included the company in the relevant list. Xiaomi said in the announcement that the company has always adhered to the legal and compliant operation and abided by the relevant regulations of the place where it operates