Gionee declares bankruptcy, enters liquidation

19 December 2018
The company owes billions of dollars hundreds of creditors - banks, suppliers and ad agencies. 

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  • J
  • Joe
  • JEB
  • 19 Dec 2018

R.I.P. Gionee, you weren't half bad and your cameras were nice.

    • J
    • Joe
    • JEB
    • 19 Dec 2018

    PiT, 19 Dec 2018One close 5 opensI doubt that, entering the saturated smartphone market is expensive and very risky unless you want to manufacture crap for the local market or a niche product that will barely financially support your company.

      Eeerm...never ever heard about them before.

        • ?
        • Anonymous
        • Yij
        • 19 Dec 2018

        Even ZTE wasn't this irresponsible with their business.

          • ?
          • Anonymous
          • Yij
          • 19 Dec 2018

          OdysseyTag, 19 Dec 2018The first of many. In this heavily saturated phone market, ... moreExcept in Gionee's case. Their demise was hastened by irresponsibility from the CEO bench

            • ?
            • Anonymous
            • Yij
            • 19 Dec 2018

            Anonymous, 19 Dec 2018Well, I‘ll tell you a story - my parents worked at a small... moreIrresponsible that's like those should never be allowed to run businesses. Lest they jeoprodize the livelihoods of many.

              • ?
              • Anonymous
              • jIT
              • 19 Dec 2018

              I guess BLU would have to look for a new Manufacturer to rebrand phones with xD

                Doakie, 19 Dec 2018Ugh. This is sad news for companies like BLU. I really love... moreAnd for Romanian Allview.

                  Xperia all the way, 19 Dec 2018And look how pixels turned out. hTC should die, then only ... moreHTC just makes it. Google designs it

                    • ?
                    • Anonymous
                    • 043
                    • 19 Dec 2018

                    Doakie, 19 Dec 2018Ugh. This is sad news for companies like BLU. I really love... moreIf my charging port broke after 3 years, I would not be that happy and buy another phone from that company
                    Source: am an iPhone user who hasn‘t had a broken charging port

                      • ?
                      • Anonymous
                      • 043
                      • 19 Dec 2018

                      Anonymous, 19 Dec 2018$144 million dollar equivalent??? The chairman should be jailed.Well, I‘ll tell you a story
                      - my parents worked at a smallish business (500ppl) which existed for 100 years
                      - the firm is sold
                      - the new chairman comes in and takes 2 million out of the company
                      - company goes bankrupt, my parents have to search for a new job

                        • ?
                        • Anonymous
                        • 043
                        • 19 Dec 2018

                        Xperia all the way, 19 Dec 2018And look how pixels turned out. hTC should die, then only ... moreI think the Pixel 2 XL as well as the Pixel 3 look pretty good. I like their simplistic design and it kind of fits their Pixel launcher.

                          Ugh. This is sad news for companies like BLU. I really loved my Blu Pure XL which was a Gionee. The charging port failed after 3 years just like so many of Gionees phones but what do you do, I was hoping they might have improved with the rollout of USB C ports but I guess that future will never happen.

                            Kiyasuriin, 19 Dec 2018Gionee. a chinese smartphone company.He can't help that he really don't know crap about the global phone industry. Most people can only name Apple and Samsung.

                              Xperia all the way, 19 Dec 2018And look how pixels turned out. hTC should die, then only ... moreI fail to see what you're getting at. The first two Pixels were received well. The Pixel 2 XL, for instance, became the benchmark for good cameras for a long time.

                                Just 1 word I have to say about this: oof

                                  • ?
                                  • Anonymous
                                  • YTd
                                  • 19 Dec 2018

                                  ethereal, 19 Dec 2018100 crores i.e. 1 arab in INR :-)1 billion = 100 crore. Considering 1 yen is about 10 rs, the CEO lost a thousand crore rupees in that casino. That's truckloads of money! Good riddance! Such a foolish person shouldn't be CEO of anything.

                                    • ?
                                    • Anonymous
                                    • nps
                                    • 19 Dec 2018

                                    HTC should buy Gionee. Elife !!!

                                      Anonymous, 19 Dec 2018$144 million dollar equivalent??? The chairman should be jailed.100 crores i.e. 1 arab in INR :-)

                                        • C
                                        • Couch expert
                                        • nC4
                                        • 19 Dec 2018

                                        Gio who you say? It's that one Gio which supplied a lot of OEM stuff to various rebadgers all over the world. Allview comes to mind, or some Russian brands.

                                        As for the news, that's too bad. They offered some r e a l l y interesting options on the domestic market up until this day. And since long ago. Since back when Xiaomi and Meizu were China-only.

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