Gionee goes brankrupt, owing $2.8m
Gionee has officially entered bankruptcy. A court in Shenzhen has accepted the bankruptcy application, which will now put the company at a crossroads. As of August, Gionee owes ¥20.2 billion, which is roughly around $2.9 billion USD, to 648 creditors. Despite this immense amount being owed, the founder of Gionee, Liu Lirong, states that he’d […]
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