In the best years the brand Gionee produce up to 5 percent of the smartphones sold on the territory of China, even a year ago in the ranking of mobile companies Celestial Gionee confidently held on 6 place.
November 28 the company's board of directors has decided that they have no other choice but to declare ourselves bankrupt. In the current year due to not completing payment, many manufacturers have stopped cooperating with Gionee. To date, the company's debt exceeds $ 11 million. Some local media reported that the cause of the financial collapse of the empire in many ways is in the gambling of its creator, the loser in the casino more than 100 million dollars.
Thus, a company with 16 years of experience away from the manufacturing sector of mobile devices.