Tag: Luokung

Chinese Military Firms Challenge Pentagon to Reverse Trump’s Investment Ban

May 31, 2021
ArchivedChinese military companiesExecutive BranchLuokungNewsPentagonPoliticsUSXiaomi
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WASHINGTON—A Chinese smartphone maker won a key legal victory against the U.S. government this spring, which is expected to embolden more Chinese companies with military ties to challenge a Trump-era ban that prohibited U.S. investors from investing in their firms. The Department of Defense in May officially removed China’s Xiaomi, the world’s third-largest smartphone vendor, from…

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FTSE Russell to Drop Xiaomi, Luokung From Indexes on US Order; Scraps AMEC Inclusion

March 5, 2021
AMECBusinessChinaChina Business & EconomyChina-US NewsCompaniesFTSE RussellindexesLuokungMarketsUSUS NewsXiaomi
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SHANGHAI—Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on Friday, and scrap inclusion of a semiconductor firm, in line with a U.S. executive order by President Donald Trump. The changes come after the Trump administration in January placed Xiaomi and eight other companies on…

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