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Chinese OEM Gionee declares bankruptcy after CEO gambled away US$144m at a casino

Started by Redaktion, December 21, 2018, 09:50:06

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Redaktion

December 21, 2018, 09:50:06
Chinese company Gionee has finally filed for bankruptcy and is set for liquidation. The company is said to owe over US$3 billion to banks and suppliers, a situation compounded by reports of CEO Liu Lirong squandering over US$140 million at a casino last month.

https://www.notebookcheck.net/Chinese-OEM-Gionee-declares-bankruptcy-after-CEO-gambled-away-US-144m-at-a-casino.383766.0.html
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