Xiaomi mentioned in its lawsuit that banning US investors from taking stakes in it would “cause immediate and irreparable harm” and affect its global reputation. “The company’s strategic relationships with US financial institutions – critical for Xiaomi to continue to access the capital it needs to continue to grow in a highly competitive market – will be significantly damaged,” stated in the lawsuit filing. With a view to protecting the interests of the global users, partners, employees, and shareholders of the Company, the Company has pleaded to the courts to declare the Decision illegal and that it be reversed." Sources: Xiaomi, Lawsuit Filing Read more in our articles including "Xiaomi sues US government over Chinese military blacklist inclusion" and "Xiaomi Mi3 now available on Lazada for Php14,999".
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Mar 16, 2014Xiaomi mentioned in its lawsuit that banning US investors from taking stakes in it would “cause immediate and irreparable harm” and affect its global reputation. “The company’s strategic relationships with US financial institutions – critical for Xiaomi to continue to access the capital it needs to continue to grow in a highly competitive market – will be significantly damaged,” stated in the lawsuit filing.
With a view to protecting the interests of the global users, partners, employees, and shareholders of the Company, the Company has pleaded to the courts to declare the Decision illegal and that it be reversed." Sources: Xiaomi, Lawsuit Filing
Our coverage of Xiaomi Lawsuit Filing includes: "Xiaomi sues US government over Chinese military blacklist inclusion"; "Xiaomi Mi3 now available on Lazada for Php14,999"; "Xiaomi to enter Philippine market this year". Each article provides unique insights and information.