Xiaomi asked the court remove it from a defense blacklist that bans Americans from investing in companies linked to the Chinese military.
GGV Capital’s latest capital raise comes amid an uptick in inflows to VCs as investors look to profit from China’s tech growth.
Chinese tech giants typically focus on the consumer market. But their appetite for early stage investments in semiconductors is growing.
The launch shows that the split is an initial success, as the Honor phone contains technology that Huawei still finds difficult to acquire.
Douyin Pay was recently added to the app, allowing users to buy virtual gifts for livestreamers and pay for goods on the app’s e-commerce platform.
The US Department of Commerce has told Huawei suppliers that it intents to deny “a significant number of license requests” to Huawei.
996 is still a problem in China’s tech industry. It’s brutal to employees, and it’s questionable whether overtime work pays off even for companies.
US investors will be prohibited from buying Xiaomi shares and will have to divest their holdings by November, according to the executive order.
The NYSE said Wednesday it will stick to its original plans to delist three Chinese telecom companies after an earlier reversal of the decision.
Huawei is losing its status as a smartphone powerhouse in 2021, with a smartphone shipment forecast putting it in seventh place among global vendors.