US investors will be prohibited from buying Xiaomi shares and will have to divest their holdings by November, according to the executive order.
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Posted inTurf Wars
Huawei to fall to seventh place in 2021 global handset rankings: report
Huawei is losing its status as a smartphone powerhouse in 2021, with a smartphone shipment forecast putting it in seventh place among global vendors.
Posted inHeavy Hitters
GM China’s JV, partner accuse Tencent of antitrust violations
The startup also sued Tencent for patent infringement, demanding RMB 80 million for using patented technology in Tencent’s mapping service.
Posted inTurf Wars
Meituan cuts power bank rental service and adds ride-hailing app: Retailheads
Meituan cuts back on mobile power bank rentals while bringing back a ride-hailing app, as market leader Didi faces a cybersecurity review.
