Friday Flashback: This Chinese Smartphone Maker Files for Bankruptcy Know what happened in the APAC region over the past week

By Komal Nathani

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Here's a new series on the big developments that took place in the APAC region over the past one week.

  1. Facebook is developing a cryptocurrency for Whatsapp transfers! According to reports, it will let users transfer money on its messaging app.
  2. Gionee files for bankruptcy. Chinese smartphone maker Gionee fails to pay debts to 648 creditors.
  3. Even NASA is not immune from cyberattacks! Earlier this week, an internal memo was sent to employees of the space agency to inform them of the data breach.
Komal Nathani

Former Correspondent, Entrepreneur Asia Pacific

A firm believer of hard work and patience. Love to cover stories that hold a potential to change the momentum of business world. Currently, a part of all-women web team of Entrepreneur’s Asia Pacific edition to jig the wheel of business journalism!

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