The Trump administration is dubbing Xiaomi a national security threat in a fashion similar to how it did Huawei and ZTE. However, the "Communist Chinese military company" label has a greater effect to this particular tech manufacturer than the others. Xiaomi has published a statement, clarifying that it's been in compliance "with the relevant laws and regulations of jurisdictions where it conducts business." The company emphasizes that it "is not owned, controlled or affiliated with the Chinese military and is not a 'Communist Chinese Military Company.'" Xiaomi share price on over-the-counter markets dropped 9% in U.S. daytime trading yesterday while its Hong Kong listing went down 10%.

Source: The Local January 14, 2021 21:44 UTC