Once the world's second-largest Linux distributor, Red Flag software has closed down reportedly due to mismanagement and after owing months in unpaid wages



From ZDNet:

Once the world's second-largest Linux distributor, Red Flag Software has shuttered reportedly due to mismanagement and after owing employees months in unpaid wages.

China's state-funded answer to global software giants like Microsoft, the Chinese company filed for liquidation over the weekend and terminated all employee contracts. Set up in late-1999 amid the dot-com boom, Red Flag was touted as an alternative to Windows, offering desktop and server OSes built on the open-source Linux platform. It thrived in the early days, inking deals with partners such as Oracle and Dell which products were certified to support and shipped with Red Flag Software.

The Beijing-based vendor was primarily funded by the Chinese Academy of Sciences' Institute of Software Research, and later received additional funding from state-owned Shanghai NewMargin Venture Capital and the Ministry of Information Industry's VC arm, CCIDNET Investment.

  Chinas home-grown Linux OS shutters