Gionee’s hope fades as court auctions off its patents


Gionee was running to grab a slice of the competitive Chinese smartphone market share. However, the company started to run into trouble during the last year. Before the end of a troublesome 2018, Gionee filled for bankruptcy.

While the situation of the company was rather complicated, fans and technology enthusiasts always hoped that it emerge from these troublesome waters. However, now all the hopes are officially gone as Gionee’s patents are billed to be sold off its patents in order to offset its debts. Shenzhen Intermediate People’s Court announced that the bankruptcy liquidation of Gionee will be carried out by the administrator. This will happen from July 24 to July 25 via’s bankruptcy property network auction platform.

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According to the report, Gionne’s patents will be auctioned at a starting price of 21,100 Yuan (~$3,067). The administration statistics show that 211 of Gionee’s design patents accumulated backlogs in annual fees. This added with late fees, recovery fees and other official fees results in 317,400 yuan. The court wants to raise up this sum to approximately 206 million yuan.

Unfortunately, the problems with Gionee didn’t start with lower than expected phone sales. The company was doing fine on this aspect, however, it ran in trouble due to poor financial management. It ultimately leads the company to a downward spiral. Apparently, Gionee’s president was one of the sources of this problem. According to rumors, President William Lu is addicted to gambling and has lost 10 billion Yuan during his “third-party” exploits.

Source/VIA :
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  1. pat cola
    June 25, 2019

    Wonder how this will affect BLU ? Gionee was their supplier.

    • Marco Lancaster
      June 26, 2019

      Blu will need to find another supplier. Or at least, partner with a Chinese ODM. Or in the most remote option, buy Gionne’s Smartphone division =

  2. Maykon Michael
    June 26, 2019

    Nossa eu quero um Gionne M2017 e não acho aqui no Brasil não deve ter vim no site do suning mais não tem mais e nem no Aliexpress sabem me dizer onde encontrar o com pele de crocodilo está difícil e esse Gionne eo mais lindo

    • Marco Lancaster
      June 26, 2019

      Acredito que hoje é difícil encontrar um modelo desses à venda. Especialmente o M2017 que foi um aparelho bem especifico a um nicho e não veio pra vender muitas unidades.

  3. Maykon Michael
    June 26, 2019

    Na China tem vários eu acho né mais e nos sites chinês que não conheço alguém pode me ajudar