This morning, the Hong Kong stock market opened, and Xiaomi Group rose 8.79%. As of the press time, Xiaomi Group rose by 10.55%, while its stock price hit 25.15 Hong Kong dollars ($3.24). Furthermore, its market value also hit 63.814 billion Hong Kong dollars ($8.2 billion).
Earlier, Washington District Judge, Rudolph Contreras, issued a preliminary injunction on the 12th to prevent the Department of Defense from restricting US investors’ investment in the Xiaomi Group.
The next day, Xiaomi stated in a statement that the electronic products produced by the company are for ordinary consumers. The inclusion of Xiaomi on the list of Chinese military-related enterprises was an arbitrary decision. The U.S. judge also agrees with Xiaomi’s stand on this. Xiaomi will continue to request the court to finally rule that the decree is invalid for Xiaomi.