According to the requirements of the United States, they require relevant investors to sell their shares in blacklisted companies before 202111. In the past, faced with this situation, China enterprises may have two solutions, either to quit completely or to reach a settlement with them and pay relevant fines, just as some companies did in the past. Although things have been solved smoothly, they are not worth emulating, and some connive at each other.
Although there are companies suing, the overall settlement is still the main thing, and it is inevitable that some? Is the name wrong? . This time, Xiaomi resisted the pressure and safeguarded his legitimate rights and interests through legal channels. Xiaomi Group announced that on May 25th, 20021,the United States District Court for the District of Columbia issued the final judgment. The US Department of Defense's recognition of Xiaomi China Military Industry Company was lifted. In other words, Xiaomi's victory will be removed from the US sanctions list. Xiaomi's founder, chairman and CEO also announced the news in Weibo. Encouraged by this news, Xiaomi's share price rose all the way today.
This case also gives hope to other sanctioned enterprises in China whether they will follow Xiaomi's example in the next step. In the past, they imposed various sanctions on various enterprises in China, among which China was the first, and Tencent and Tik Tok were doomed. The U.S. government blacklisted nine China enterprises, including Xiaomi, and asked American investors not to invest in these enterprises. It is unfair to foreign companies and destroys the normal market environment. Xiaomi protects his legitimate interests through litigation, which will be of great significance to other enterprises.
At present, other enterprises are also seeking legal ways to safeguard their legitimate rights and interests.