US investors will be prohibited from buying Xiaomi shares and will have to divest their holdings by November, according to the executive order.
Overseas sales topped 40% of revenue for the company in the second quarter.
Huawei is losing its status as a smartphone powerhouse in 2021, with a smartphone shipment forecast putting it in seventh place among global vendors.
Huawei, Xiaomi, Oppo, and Vivo are reportedly collaborating on an app platform for overseas markets, potentially competing with Google’s Play store.
China’s dominant smartphone makers have suffered setbacks from Covid-19 and the US-China trade war. Is 5G the light at the end of the tunnel?
Over the past six months, I’ve been mapping the global footprint of Chinese tech investment. Here’s what I’ve learned.
Xiaomi seeks to gain ground in the battle for consumer living rooms with its artificial intelligence of things (AIoT) initiative.
A potentially closed ‘ecosystem’-type market is still anyone’s game.
The news comes as the Shanghai Stock Exchange began accepting IPO applications for its new tech board.
It’s a latecomer to the short video scene, where Bytedance and BAT are already wrestling for user attention spans.