Chinese smartphone company Gionee  is almost bankruptcy after chairman losses $144 in gambling.

Chinese smartphone company Gionee is almost bankrupt after chairman losses $144 in gambling.


Chinese smartphone company gionee is in bankruptcy . The smartphone company head Liu liron seems to have taken a toll on the company. Gionee chairman Liu liron had loss $1.4 billion while gambling casino in spain, according to the android authority reports which shows that the company had loss $144 million.

The company failed to pay about 20 of their own suppliers’. Liron, the company chairman claims that he didn’t use the company (Gionee) money to gamble but admitted to have burrowed the company’s fund. This might lead to a pause in the production of gionee products due to the bankruptcy. This may be a sorry to all gionee users



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