The mobile industry is a battlefield. While some companies record growth, others try to stay afloat. Recent reports say the Chinese smartphone maker, Smartisan, belongs to the latter category.
Last week, the Chinese publication reported that Smartisan is facing a crisis. He said he plans to lay off (about 60%) because the company is facing financial difficulties, with more than half of its revenue gone. The article also mentioned problems with the TNT workstation and that CEO Luo Yonghao was suffering from depression.
Mr. Yonghao saw this article and claimed that it was inaccurate. He even threatened to sue the publication. Later that day, the official Smartisan Weibo account shared a letter that it sent to a publication stating that the mail was filled with unfounded charges against her and her CEO. The note also requested that the publication resign or have legal implications. However, the publication replied that it was not afraid of a lawsuit, as it had several sources to support its claims.
In a separate post, Weibo CEO raised the issue of his health. He showed that in fact there are several partners and investors who believe that he is struggling with depression, and as a responsible person, he must provide a medical certificate on the board.
Another report appeared today that says Smartisan has acknowledged that it is facing a crisis. The company was reportedly cleaned in an interview with Securities Daily, a local publication. He did not go into details, but asked to give him more time, perhaps to sort it out.
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Again, Mr. Yonghao denied this and claimed that the claims were false and that wages were not required. Apparently, the publication claimed that she spoke with Smartisan staff and did not want to reveal his identity.
(Sources: 1, 2, 3 | Via)