“The Gionee India web site remains to be practical although and the corporate even launched a brand new handset in February”
It appears just like the Chinese language smartphone maker Gionee could also be shutting down operations very quickly. The corporate’s official web site in China is not out there. It has been down for a couple of weeks now and there was no replace from the corporate. Gionee hasn’t been in a position to crack the smartphone market after the arrival of different Chinese language manufacturers equivalent to Xiaomi, OPPO and Vivo. It’s nonetheless working its operations in India and has a couple of units on sale as effectively. Even their web site is at the moment working in India on the time of scripting this report.
Unlucky as it’s, Gionee has by no means made a really placing system, one which grabbed the eye of the customers. The corporate has been in bother for a number of years now. It began in late 2017 when Gionee didn’t repay its collectors, advert businesses and suppliers. Based on a report, the corporate owed about $three billion to round 650 collectors. In April 2018, the corporate laid off about half of its workers. CEO Liu Lirong additionally misplaced about $1.four billion of the corporate’s fund in playing.
In December final 12 months, the corporate filed for Chapter on the Shenzhen Intermediate Folks’s Courtroom in China. It was granted the identical however needed to liquidate itself and reorganise. Now, shutting down of internet sites might be the primary signal that Gionee might lastly be making some adjustments and shutting down store in China. There’s no official assertion but, however we must always hear from the corporate very quickly.
In the meantime, the corporate’s web site nonetheless appears to be up and working in India. The model just lately launched a brand new smartphone within the nation, known as the Gionee F205 Professional. This can be a funds smartphone that’s out there for a value of Rs 5,890. That is the primary smartphone to return from Gionee after asserting chapter. There have been studies that Gionee India Head and the promoter of Karbonn mobiles would purchase 75 % stake within the firm to maintain it alive within the nation. Maybe that’s what has occurred, and that’s why we nonetheless have Gionee working its operations right here in India. However we must wait and see what occurs going ahead.