75.2K
SHWhy Gionee Failed?
20 Shocking Business Failures: 6/20
Virat Kohli, Bhuvan Bam, and many others once promoted Gionee. But when you find out why Gionee failed, you’ll be shocked at how even such a massive company could make such mistakes.
In 2016-17, Gionee was becoming incredibly popular, selling a lot of phones. However, despite these high sales, the company was still running at a loss.
But the real downfall began when Gionee’s chairman gambled away not lakhs, but ₹1000 crore in a casino! And this wasn’t his personal money but was the company’s funds. This reckless decision forced the company to shut down, disappearing from both the Indian and global markets.
Two other companies, HTC and Micromax, were also hugely popular at one point but have now vanished. I’ll be revealing the reasons behind their downfall in the upcoming episodes, so if you don’t want to miss it, make sure you followed me!
[gionee, business failure, business hindi, hindi business, marketing failure]
#businessfailure #gionee #hindibusiness #businesshindi #viratkohli #bhuvanbam #20shockingbusinessfailures
@shahidkhan0911
