Chinese smartphone maker Xiaomi said Sunday it had filed a lawsuit seeking to overturn the former Trump administration's last-minute blacklisting of the electronics giant.

Xiaomi said it filed the appeal with a Washington federal court Friday after former president Donald Trump's administration barred investment in the firm, saying the Beijing-headquartered company was a part of the Chinese military.

In a statement, Xiaomi said it "believes that the decision ... was factually incorrect and has deprived the company of legal due process."

"With a view to protecting the interests of the global users, partners, employees and shareholders of (Xiaomi), the company has pleaded to the courts to declare the decision illegal and that it be reversed," the statement added.

Just six days before Trump left office, his officials made a series of announcements targeting Xiaomi and other Chinese firms including state oil giant CNOOC and embattled social media favorite TikTok.

Xiaomi -- which overtook Apple last year to become the world's third-largest smartphone manufacturer -- was one of nine firms the Pentagon classified as "Communist Chinese military companies."

The measure was seen as an attempt to cement Trump's trade war legacy with China after four years of turbulent relations with Beijing.

The blacklisting means US investors cannot buy Xiaomi securities.

The company's stock price dropped more than 10 percent following the blacklisting.

Related Links
Satellite-based Internet technologies

Tweet

Thanks for being here; We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor $5 Billed Once credit card or paypal		SpaceMediaNetwork Monthly Supporter $5 Billed Monthly paypal only

Huawei smartphone sales plunge as US sanctions bite
Beijing (AFP) Jan 29, 2021
Sales of smartphones made by Chinese telecom giant Huawei plunged in the latest quarter of 2020 as they were hit by US sanctions on its suppliers, research firm Canalys said on Friday. Domestic sales fell 44 percent to 18.8 million units in October-December, according to data released by research firm Canalys. That comes after separate figures earlier this week from industry tracker International Data Corp (IDC) showed overseas shipments plunged 43 percent to 32 million. "It is possibly Huawei's ... read more