SMARTPHONE developer Shenzhen Royole Technologies has filed a bankruptcy petition, reports Nikkei Asia, a request that was granted by a Shenzhen court May 15, as recently released court documents reveal.
Royole was founded in 2012 by CEO Bill Liu, who studied electrical engineering at Tsinghua University and Stanford University. It unveiled the world's first foldable smartphone in 2018, beginning mass production the following year.
The Shenzhen startup drew strong interest as a rising star, beating out Samsung Electronics and other industry giants in technology development. At one point, it was among the most promising Chinese unicorns that included DJI-the world leader in drones.
SeaNews Turkey
Royole was founded in 2012 by CEO Bill Liu, who studied electrical engineering at Tsinghua University and Stanford University. It unveiled the world's first foldable smartphone in 2018, beginning mass production the following year.
The Shenzhen startup drew strong interest as a rising star, beating out Samsung Electronics and other industry giants in technology development. At one point, it was among the most promising Chinese unicorns that included DJI-the world leader in drones.
SeaNews Turkey
