Last year, it was reported Gionee had gone bankrupt. It’s problems first began when it laid off a large percentage of its staff in 2017 and was reported to be deep in debts. The company has not officially thrown in the towel as its Indian arm still launched a phone in February but it appears Gionee has indeed come to its end.
It has been reported that the official Gionee China website is down. We checked and the site seems to have been taken down. The plausible explanation is that Gionee has shut down its business in China. The Gionee India site is still up but we don’t know for how long before it gets taken down too.
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Reports say Gionee’s problems are as a result of its owner’s gambling problems which led to unsettled debts and its eventual bankruptcy.
(Via)
