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Gionee was running to grab a slice of the competitive Chinese smartphone market share. However, the company started to run into trouble during the last year. Before the end of a troublesome 2018, Gionee filled for bankruptcy.


While the situation of the company was rather complicated, fans and technology enthusiasts always hoped that it emerge from these troublesome waters. However, now all the hopes are officially gone as Gionee’s patents are billed to be sold off its patents in order to offset its debts. Shenzhen Intermediate People’s Court announced that the bankruptcy liquidation of Gionee will be carried out by the administrator. This will happen from July 24 to July 25 via Taobao.com’s bankruptcy property network auction platform.

Source :
https://www.gizchina.com/2019/06/24/gionee-hopes-fades-as-court-auctions-off-its-patents/amp/

What will happen to the phone users

willexyaho:
What will happen to the phone users

Left hanging in limbo