English => News => Topic started by: Redaktion on August 02, 2026, 04:49:18
Title: Chinese OEM Gionee declares bankruptcy after CEO gambled away US$144m at a casino
Post by: Redaktion on August 02, 2026, 04:49:18
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.