Xiaomi shares down 10.26% after US blacklists in clash against China

January 18, 2021

For the first time in 10 years, Xiaomi emerged as the world’s third- largest smartphone maker by shipments in the third quarter of 2020

Shares of Chinese smartphone maker, Xiaomi Corp. plunged 10. 26 percent, Friday, after the United State blacklisted the firm in what can be described as a flurry of actions against China. The embargo on the smartphone making company follows a December decision by the Trump Administration to boyco

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