Categories Bankruptcy

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Gionee officially files for bankruptcy

Gionee files for bankruptcy after failing to pay creditors Last month, there were reports of Gionee, the Chinese smartphone maker, staring at bankruptcy after owing money to the tune of $2.45 billion to financial institutions, suppliers, and advertising and marketing agencies. Further, Gionee’s founder Liu Lirong reportedly lost $144 million […]

Manufacturer of the security-focused Turing Phone files for bankruptcy in Finland

Turing Robotics files for bankruptcy, CEO Steve Chao says company is not going out of business Turing Robotic Industries (TRI), the American-held company headquartered in Salo, Finland, has filed for bankruptcy in its home country. For those unaware, TRI, which is famous for its completely secured products, had announced its Android […]