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What Happened To Gionee And Why You Haven’t Seen New Phones From Them

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What Happened To Gionee And Why You Haven't Seen New Phones From Them 1
A few years ago Gionee was a strong force to reckon with in the Nigerian mobile sector and for a really long time we haven’t heard from them , no new devices, nothing at all . The big question on our minds is :

What Really Happened To Gionee Mobile?


what happened to gionee
Gionee has been facing a tough time over the past few months and is almost on the verge of bankruptcy.
The company has been facing financial woes in China, and if the latest report is to be believed, Gionee is considering filing for bankruptcy. There is also a possibility of liquidation after the company failed to pay financial creditors, marketing firms and about 400 suppliers.
According to reports from Beijing Youth daily, Gionee is on the verge of bankruptcy after owning money to financial institutions, suppliers, advertising and marketing agencies. Gionee currently owes $2.45 billion. And the chairman of Gionee “Liu”,  had earlier lost CNY1 billion while gambling with the company assets.
Gionee, which ranked behind Apple in sixth place for handset sales in China last year, is now on the verge of bankruptcy restructuring as suppliers have halted component sales after failing to receive payments for several months, according to the report.
Liu admitted in the interview that Gionee’s total debts amount to 17 billion yuan($2,447,065,000), with 10 billion yuan($1,439,450,000) of this owed to banks, 5 billion yuan($719,725,000) to upstream suppliers and about 2 billion to advertising agencies.
If restructuring is not a viable option, Gionee will go into liquidation. This probably is the reason why you haven’t been seeing new devices from the company lately.


This information was originally published by – http://www.chinanews.com/cj/2018/11-28/8687121.shtml and does not directly represent the views of NaijaTechGuy.com

Michael Ajah is a Computer Science Student of The University of Port Harcourt and a Chelsea Fan. He loves RnB and a little mix of Trap Music. An awesome tech reviewer and analyst. Email - [email protected]

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smartphones

Vulnerability in RCS messaging could compromise your bank details

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German security company SRLabs has recently discovered a serious security breach that could replace SMS. According to their findings, the RCS protocol has a vulnerability that allows your data to be intercepted.

Hackers could exploit this vulnerability locally or remotely. Among the information they can intercept, we have unique codes that are sent by message in two-factor authentication systems.

One of the applications of these unique codes is in the authorization of bank transactions. This means that in extreme cases your bank details could be compromised due to this vulnerability.

RCS

Android messaging should improve your domain verification system

As SRLabs points out, the most popular application supporting RCS technology is currently Android Messaging. According to its findings, this application does not properly verify domains.

This means that miscreants can spoof caller ID or DNS. Something that could mislead users and provide information they shouldn’t.

Coincidentally or not, Google revealed this week that it will accredit message senders in your app. The idea is for companies to register their contact numbers with Google so that they can validate them when communicating with users. A measure that will certainly reduce the impact of this vulnerability.

What is RCS and its differences from SMS

The acronym RCS stands for Rich Communication Service. Briefly, this protocol allows messages to be sent over the internet. The SMS protocol uses cellular networks to send messages.

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Vivo S5 will have a very peculiar triple rear camera, reveals official image

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Vivo S5 will have a very peculiar triple rear camera, reveals official image 4

We are just a week from the official presentation of Vivo S5, the next mid-range smartphone to be launched by the brand. Now, an official image published on the Chinese social network Weibo, has confirmed several details about the design of this smartphone.

According to the picture, the Vivo S5 will come with a rear ‘quad-chamber’, centred on the rear panel with a diamond shaped module. In addition, it will come with a small punch-hole in its screen, where the front camera will be embedded.

 

Vivo S5 has confirmed design on the official poster

In the diamond-shaped module, three of its four cameras are integrated, and the LED flash. The fourth chamber is positioned immediately below the ‘protrusion’.

In the front panel, we can confirm that you will not have a notch on the screen by choosing a small punch-hole in the upper right corner, where your front camera will be embedded.

Although visible, their margins appear to be quite thin, ensuring an immersive user experience. In addition, an AMOLED screen is confirmed as an on-screen fingerprint reader is present.

Alleged Vivo S5 Specifications

Although not officially confirmed by the manufacturer, certification of the smartphone at TENAA agency eventually revealed the main details about its hardware.

  • 6.44 “inch AMOLED display with Full HD + resolution
  • Qualcomm Snapdragon 712 Processor
  • Up to 8GB of RAM
  • Up to 256GB of internal memory
  • Four rear cameras: 48MP + 8MP (ultra wide-angle) + 5MP (depth) + 2MP (macro)
  • 32-megapixel front camera
  • 4,010mAh battery
  • Android 9 (not confirmed)

Regarding its price, there is no information yet. Still, it is expected to arrive at a competitive price, which could possibly be around € 250.

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