TIL Gionee used to be one of China's largest mobile phone manufacturers with a 4.7% market share in 2012. However, the company was declared bankrupt in December 2018 after its Chairman & CEO, Liu Lirong, reportedly lost $144 million gambling at a casino during the previous month (November).
https://en.wikipedia.org/wiki/Gionee
#til #todayilearned
https://www.reddit.com/r/todayilearned/comments/1s0wcnh/til_gionee_used_to_be_one_of_chinas_largest/