Chinese firm Gionee officially files for bankruptcy, says report
Updated : December 20, 2018 10:31 PM IST
A report in The South China Morning Post last month said that the founder of Shenzhen-based Gionee admitted he may have used company assets to gamble at a Hong Kong-listed casino in Saipan.
Gionee, which ranked behind Apple in the sixth place for handset sales in China last year, began facing difficulties when suppliers halted component sales after failing to receive payments for several months.
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