A few years ago Gionee was a strong force to reckon with in the Nigerian mobile sector and for a really long time we haven't heard from them , no new devices, nothing at all . The big question on our minds is :

What Really Happened To Gionee Mobile?



Gionee has been facing a tough time over the past few months and is almost on the verge of bankruptcy.

The company has been facing financial woes in China, and if the latest report is to be believed, Gionee is considering filing for bankruptcy. There is also a possibility of liquidation after the company failed to pay financial creditors, marketing firms and about 400 suppliers.

According to reports from Beijing Youth daily, Gionee is on the verge of bankruptcy after owning money to financial institutions, suppliers, advertising and marketing agencies. Gionee currently owes $2.45 billion. And the chairman of Gionee “Liu”, had earlier lost CNY1 billion while gambling with the company assets.


Gionee, which ranked behind Apple in sixth place for handset sales in China last year, is now on the verge of bankruptcy restructuring as suppliers have halted component sales after failing to receive payments for several months, according to the report.

Liu admitted in the interview that Gionee’s total debts amount to 17 billion yuan($2,447,065,000), with 10 billion yuan($1,439,450,000) of this owed to banks, 5 billion yuan($719,725,000) to upstream suppliers and about 2 billion to advertising agencies.

If restructuring is not a viable option, Gionee will go into liquidation. This probably is the reason why you haven’t been seeing new devices from the company lately.m

https://www.naijatechguy.com/2018/11/what-happened-to-gionee.html

Chaii. I hope my one year warranty still stands for my F205

op bai take your time

why haven't "we" or why haven't "you"

reason is, companies don't thrive in this current administration except bet9ja that is

Lol

So d chairman really gambled with d company's assets...... I tot it was just a "our usual bloggers trying to make money" news............aswear d mumu chairman nor get sense

[img]https://media1./images/6006d5a5a84c0751032e157cb04ad8e8/tenor.gif?itemid=10786390[/img]

The phone is good and sweet just the cost no dey here, maybe they are trying to bring the prices down..

Let Dangote buy it!
Its more profitable than Arsenal!

Gionee, after removing the "I" and one of the "E" from there name they ve now gone into Extinction, what an endangered device.

So Chairman play bet9ja with company money? OK issorite

All these chinko phones sef.

Gambling been ruining lives since 89 BC.

Huawei benefit then

hinograce:
Chaii. I hope my one year warranty still stands for my F205

Lol..My thots too.I also use F205.

that must be tough

The phone is expensive that's what's happening

What about Innjoo?

Gionee na manufacture and dump. No updates, no patches, nothing. Yeye company

babzo:
Let Dangote buy it!
Its more profitable than Arsenal!

Exactly bro. I concur with u

Lol.
He gambled with their money.
Funny people everywhere.
I love gionee phones. Good battery, durable.

And I am typing from a GIONEE fone


This life...

I dnt use trash phones.


samsung and iPhones only..


all dis ones na rubbish

And GIONEE products are bae fah,

Whenever I brandish my GIONEE device eh, techno and infinix users the hide their toys

GIONEE gives the difference, I hope they apply business shrewdness and veer back on track

can you imagine?

this is why gambling is bad,.
Happy New Month Nairalanders, we shall fulfil our potentials before the year runs out IJN.

LOP as if you don't know what can die a premature dead in Naija under this regime

Perhaps bad management
If you need a quality Laptop call 09024887335

none of my business here

new products...new risks...

ThankYouGod:
What about Innjoo?

Innjoo is still very much visible in the middle east. They brought sub standard products here and were sanctioned