
Phone maker Gionee in trouble as chairman gambles away company money
Small firms having a hard time as giants dominate China’s maturing smartphone market
It appears another Chinese smartphone maker is getting squeezed out of the picture.
He also admitted that he has “borrowed” company funds, and said the amount of money he took will be made public when the company starts bankruptcy reorganization next month.
You’d be forgiven for not having heard of Gionee, because it has been absent from the international market. Started in 2002, it made its name in China in the feature phone era, targeting the high-end market.

We're attempting to reach a Gionee representative and will update if we hear back.
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For more insights into China tech, sign up for our tech newsletters, subscribe to our Inside China Tech podcast, and download the comprehensive 2019 China Internet Report. Also roam China Tech City, an award-winning interactive digital map at our sister site Abacus.
