5/12, 9:54 AM (Source: TeleTrader)
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Chart for: Xiaomi Corp

China FM 'not aware' of deal between Xiaomi and US

Chinese Foreign Ministry stated on Wednesday that it doesn't have any knowledge about the alleged deal that Xiaomi Corp. reached with the United States Department of Defense (DoD).

Reports by several media previously hinted that the DoD and Xiaomi reached an accord under which Washington agrees to remove the Chinese firm from the government blacklist, allowing American entities to invest in the electronics company.

US Defense Department and Treasury Department placed Xiaomi on the list of companies with alleged ties to the Chinese military, after which the Chinese firm filed a legal complaint in January.

Breaking the News / BU