Gionee files for bankruptcy

Chinese smartphone brand Gionee has officially gone bankrupt after failing to repay around 648 of its creditors. A court in Shenzhen has accepted Gioneeā€™s bankruptcy application by Huaxing Bank. Gionee allegedly owes around US $3 billion to its suppliers, banks and ad agencies. Gionee has been a famous ODM (Original Device Manufacturer) but later on, […]

read more...