Royole Technologies, a pioneer in foldable display technology and the creator of the world’s first commercial foldable smartphone has declared bankruptcy. Despite its early lead and innovative products, the company struggled financially, leading to its demise.
According to IT Home, Finance Sina, and East Money, an announcement from the Shenzhen Municipal Intermediate People’s Court stated that, based on the investigation of Royole Technologies’ current assets and liabilities, it can be determined that Royole Technologies is unable to pay its debts when due and that its assets are insufficient to cover all debts. Therefore, the court ruled on November 18 to declare Royole Technology bankrupt.
This marks the end of a…
