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Gionee Mobile Is Officially Bankrupt As Company Files For Liquidation In Court

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Gionee Mobile Is Officially Bankrupt As Company Files For Liquidation In Court 1
A few weeks ago I made a post regarding Gionee’s financial woes being the possible reasons why we haven’t seen new phones from Gionee. In case you missed that post you can find it here.

The same day I made the post a Gionee Nigeria staff called me and made threats regarding the post saying they would take action against me for publishing such content which was quite laughable. I don’t take down content that is true to please any brand. I also believe he was quite oblivious of the current position of his employers so I would disregard the threat.

Gionee Mobile Is Officially Bankrupt As Company Files For Liquidation In Court 2

The news reaching me now is that the company has officially entered bankruptcy.

A court in Shenzhen has accepted the application for liquidation bankruptcy by Huaxing Bank. This may still turn into a company reorganization – Gionee hired restructuring consultants last week. Founder Liu Lirong thinks that the company can turn its fortunes around in 3-5 years.

However, Gionee owes a total of CNY 20.2 billion (around $3 billion) to 648 creditors. About half of the debt is to banks. Earlier this year the company failed to pay suppliers. Ad agencies haven’t been paid either.

The company’s money problem started when the founder and chairman Liu lost a CNY 1 billion bet in a casino.

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 nothing spontaneous happens in 3 – 5 years and the executives can’t avoid gambling, this will be the end of Gionee Electronics and Smartphones.

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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vulnerability-in-rcs-messaging-could-compromise-your-bank-details

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 5

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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