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Nairaland Forum / Science/Technology / Phones / Gionee Declares Bankruptcy, Enters Liquidation (25840 Views)
Xiaomi Officially Enters Nigeria - How it Affects the Market - Wat do u Expect? / Gionee Mobile Is Now Officially Bankrupt, Files For Liquidation In Court / Gionee Goes Into Liquidation, Finally Declares Bankruptcy (2) (3) (4)
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Gionee Declares Bankruptcy, Enters Liquidation by nnamdibig(m): 4:50pm On Dec 19, 2018 |
We have some good news and some bad news about Gionee. The good news is that one day there may be a movie about what happened. The bad news is that the company has officially entered bankruptcy. 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. Gionee’s money troubles were exacerbated when Liu – founder and chairman – lost a CNY 1 billion bet in a casino. That’s a whopping $144 million! He claims he didn’t use company money admits he may have “borrowed company funds”. Like we said, this story would make quite a movie. For comparison, Liu claims that the company was losing around CNY 100 million ($14.4 million) a month between 2013 and 2015. The losses per month doubled in the last two years. https://m.gsmarena.com/gionee_enters_liquidation_bankruptcy-amp-34767.php?__twitter_impression=true 3 Likes 1 Share
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Re: Gionee Declares Bankruptcy, Enters Liquidation by ddjay: 4:57pm On Dec 19, 2018 |
and i will start by blaming nairalanders,you people refused to support this company, instead its tecno and co.this company did their best but due to lack of support from you people, bankruptcy is the case. i suggest you people spread your support and don't narrow it down to one brand. its not fair honestly 30 Likes |
Re: Gionee Declares Bankruptcy, Enters Liquidation by Anotii(m): 5:14pm On Dec 19, 2018 |
Hope my Gionee m6 won't stop working o 93 Likes 1 Share |
Re: Gionee Declares Bankruptcy, Enters Liquidation by tall2ce(m): 5:14pm On Dec 19, 2018 |
Re: Gionee Declares Bankruptcy, Enters Liquidation by Luizkid(m): 7:37pm On Dec 19, 2018 |
Too bad... Under Buhari, too many companies folding up. 52 Likes 3 Shares |
Re: Gionee Declares Bankruptcy, Enters Liquidation by lanre316: 7:57pm On Dec 19, 2018 |
Luizkid: For God's sake, how could a company in far far away China going bankrupt be the fault of Buhari? 142 Likes 7 Shares |
Re: Gionee Declares Bankruptcy, Enters Liquidation by lanre316: 7:57pm On Dec 19, 2018 |
Anotii: Funny 11 Likes |
Re: Gionee Declares Bankruptcy, Enters Liquidation by OgidiOlu3(m): 9:30pm On Dec 19, 2018 |
ddjay: Na Nairalanders make the chairman go use millions play baba ijebu? 88 Likes 2 Shares |
Re: Gionee Declares Bankruptcy, Enters Liquidation by eki2000(m): 10:05pm On Dec 19, 2018 |
The chairman is a fool 9 Likes |
Re: Gionee Declares Bankruptcy, Enters Liquidation by EricBloodAxe: 11:21pm On Dec 19, 2018 |
lanre316:Bcuz d old man is synonymous wit failure. 39 Likes 2 Shares |
Re: Gionee Declares Bankruptcy, Enters Liquidation by wiseone28: 11:59pm On Dec 19, 2018 |
why won't they when the stop making a low budget phone for some people 6 Likes 1 Share |
Re: Gionee Declares Bankruptcy, Enters Liquidation by chloride6: 12:26am On Dec 20, 2018 |
Calm down... Just a little M ans A .... And they will be fine.... |
Re: Gionee Declares Bankruptcy, Enters Liquidation by Ohraykon: 1:10am On Dec 20, 2018 |
No wonder my gionee m6 stopped working |
Re: Gionee Declares Bankruptcy, Enters Liquidation by masterP042(m): 3:35am On Dec 20, 2018 |
Gambling is a trap, before the victim realizes what he's into, he's already deep into it. A billionaire still gambling to make money, proves the dude is foolish and unwise, he's psychologically unfit for that post, the board should remove him if they want to salvage anything remaining of Gionee. *the bookies always win at last, u can't win them at their game, so don't better start what you can't finish* 27 Likes 3 Shares |
Re: Gionee Declares Bankruptcy, Enters Liquidation by serenityaliyu(m): 4:22am On Dec 20, 2018 |
Buhari why? 1 Like |
Re: Gionee Declares Bankruptcy, Enters Liquidation by dessz(m): 7:41am On Dec 20, 2018 |
Luizkid: serenityaliyu:Pls where do these idiots come from? 28 Likes 1 Share
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Re: Gionee Declares Bankruptcy, Enters Liquidation by MANNABBQGRILLS: 8:24am On Dec 20, 2018 |
Na so e go so....... |
Re: Gionee Declares Bankruptcy, Enters Liquidation by NotBeenPaid: 8:24am On Dec 20, 2018 |
See wetin gambling don cause Gionee. Just like the zombie above me wey close him shop come dey shout Sai Baba upandan everyday for Nairaland 25 Likes 2 Shares |
Re: Gionee Declares Bankruptcy, Enters Liquidation by visijo(m): 8:25am On Dec 20, 2018 |
every time you visit your boyfriend his phone is on flight mode... my sister are you dating a pilot 4 Likes |
Re: Gionee Declares Bankruptcy, Enters Liquidation by millionboi2: 8:25am On Dec 20, 2018 |
Making fun of dia down fall is crazy. I noticed something abt human,dsame way thy celebrate u on top,datz d way thy will mock u on ur way down. 3 Likes |
Re: Gionee Declares Bankruptcy, Enters Liquidation by opyzy(m): 8:26am On Dec 20, 2018 |
Anotii:. 1 Like
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Re: Gionee Declares Bankruptcy, Enters Liquidation by johnp2(m): 8:26am On Dec 20, 2018 |
sorry oh |
Re: Gionee Declares Bankruptcy, Enters Liquidation by Jidibia(m): 8:27am On Dec 20, 2018 |
Chai!!!! Person go rest now with their expensive phones without OTA update. 1 Like |
Re: Gionee Declares Bankruptcy, Enters Liquidation by benuejosh: 8:27am On Dec 20, 2018 |
Finally. |
Re: Gionee Declares Bankruptcy, Enters Liquidation by PennywysCares(m): 8:27am On Dec 20, 2018 |
i don't like their product either |
Re: Gionee Declares Bankruptcy, Enters Liquidation by Jonadull: 8:27am On Dec 20, 2018 |
Lmao . And some people will be screaming that Gionee and co will send iphone away . |
Re: Gionee Declares Bankruptcy, Enters Liquidation by nijabazaar: 8:27am On Dec 20, 2018 |
lanre316: Buharis foul influence spreads naa If naijas economy is good, lots of people would have been purchasing Gionee and Gionee would stay afloat but Buharibrin messed up he whole situation. So Buhari isn't entirely free from having a hand in Gioneez fall 9 Likes 3 Shares |
Re: Gionee Declares Bankruptcy, Enters Liquidation by henrixx(m): 8:28am On Dec 20, 2018 |
Terrible company....their phones have no parts. Bad customer care Meanwhile tecno pouvir for sale @32k Infinix hot 6 1gb ram for sale @ 22k Call or WhatsApp 08062292514 |
Re: Gionee Declares Bankruptcy, Enters Liquidation by Viking007(m): 8:28am On Dec 20, 2018 |
ddjay:I doubt if you read the article. The CEO went on a gambling spree and lost everything. 4 Likes |
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