Breaking Gionee nears bankruptcy

[iDJ]

Gionee could soon be shutting shops as the company is reportedly on the verge of bankruptcy since the company has failed to pay its suppliers and its chairman has lost over $144 million to gambling in a casino.
Gionee nears bankruptcy with chairman losing over $144 mn to gambling - ET Telecom

 

[JollyLNB]

Gionee could soon be shutting shops as the company is reportedly on the verge of bankruptcy since the company has failed to pay its suppliers and its chairman has lost over $144 million to gambling in a casino.
Gionee nears bankruptcy with chairman losing over $144 mn to gambling - ET Telecom

Gionee was never going to survive against the might of X, O and V. But to squander money in this way? Appalling.

 

[anubhav]

Its all about Time. One day you win and the other day you loose.
What's better in oppo than Gionee, only the funding.
Hence, money= advertising and r&d. Adv is the main power of these brands in india and if anyone is knowledgeable enough its the under the hood and the optimisation that matters and that where oppo vivo looses but OnePlus gains.

Anyways It was opposite in case of FedEx..
The Founder Of FedEx Saved The Company From Bankruptcy With His Blackjack Winnings

 

[Sumanth]

A small co-incidence that Nokia and Gionee were the main sponsors for Kolkata Knight Riders IPL team at different stages and both have had reversal in fortunes

 

[Azad]

A small co-incidence that Nokia and Gionee were the main sponsors for Kolkata Knight Riders IPL team at different stages and both have had reversal in fortunes

 

[JollyLNB]

A small co-incidence that Nokia and Gionee were the main sponsors for Kolkata Knight Riders IPL team at different stages and both have had reversal in fortunes

Yes. Nokia is back from the dead, thanks to HMD. However, Gionee is dead.