(Yicai Global) Sept. 3 -- Gionee unveiled two new devices on its WeChat account yesterday after eight months of inactivity following the Chinese phonemaker's bankruptcy and restructuring, which started in late 2018.

The handsets are the M11 and M11s, both of which feature 6.3 inch displays and come in black, blue and green. The phones will house 4,000 milliampere-hour batteries, but the Shenzhen-based company did not disclose details about the processors powering the devices, how much they will cost or when they will hit shop shelves.

Founded in 2002, Gionee went bust last year after continually losing money on its phones while Chairman Liu Lirong gambled away some CNY10 billion (USD1.4 billion) that could have saved the firm in casino haven Saipan, according to a shareholder who spoke to Jiemian News in 2018.

Gionee's second-largest shareholder Lu Guanghui organized a meeting involving agents across the country last month in a bid to reboot the company's mobile phone business, AI Finance & Economics reported on Aug. 16.

The company began auctioning 211 design patents in July this year, two months after flogging assets belonging to subsidiary Gionee Communication Equipment online.

Editor: James Boynton