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Nairaland Forum / Science/Technology / Phones / What Ever Happened To Gionee? (668 Views)
What Happened To Gionee? / What Happened To Gionee And Why You Haven't Seen New Phones From Them / Battle Of Selfies: 3 Reasons Why Itel S13 Poses As A Threat To Gionee A1 (2) (3) (4)
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What Ever Happened To Gionee? by Dizzybe45(m): 2:15pm On Jan 24 |
A court in Shenzhen has accepted the application for liquidation bankruptcy by Huaxing Bank. This may still turn into a company reorganization – Gionee hired restructuring consultants last week. Founder Liu Lirong thinks that the company can turn its fortunes around in 3-5 years. However, Gionee owes a total of CNY 20.2 billion (around $3 billion) to 648 creditors. About half of the debt is to banks. Earlier this year the company failed to pay suppliers. Ad agencies haven’t been paid either. |
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