22 Facts About Fuhu

Fuhu was a company that made the Nabi series of tablet computers.

Fuhu filed for bankruptcy, eventually leading to the company's closure on January 9,2016.

Fuhu was founded in 2008 by Robb Fujioka and brothers Jim and Steve Hui.

Fuhu name was formed by taking the first two letters of the co-founders' last names.

In mid-2011, Foxconn, a major licensee for Fuhu software, asked Fujioka for ideas to unload a surplus of Foxconn's low-end tablets.

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In September 2012, Fuhu filed suit against Toys "R" Us, claiming breach of contract, fraud, unfair competition and stealing trade secrets after the toy retailer launched a competing tablet, the Tabeo, the next year.

Fuhu said Toys "R" Us did "virtually no marketing" of the Nabi during the 2011 holiday shopping season and copied features such as the rubber bumper from the Nabi.

In 2013, Fuhu sold over 2 million units, earning the company the top spot on Inc magazine's list of the 5,000 fastest-growing companies in the United States.

Fuhu began hiring additional staff in its finance department, fueling rumors that it was considering an initial public offering.

Fuhu entered a sponsorship agreement with NASCAR driver Landon Cassill for the 2014 Daytona 500.

In mid-2014, Fuhu repeated at the top of Inc s list of 5,000 fastest-growing privately held companies, a feat matched only by Cogentrix, which topped the list consecutively in 1989 and 1990.

In 2014, Fuhu attempted to jump-start sales with the introduction of the Nabi Dream Tab, ordering 150,000 units, but the device was a commercial failure, leaving Fuhu with a glut of inventory and large debt to manufacturer Foxconn.

Fuhu launched the Nabi Big Tab, a large-screen tablet Fuhu executives said was meant to facilitate a shared, family experience around tablet content such as interactive stories or streaming video.

Fuhu did not market test the Big Tab, which reviewed poorly.

In November 2015, Bloomberg reported that Fuhu had cancelled Nabi shipments to Walmart, Target, Toys "R" Us, and Best Buy amid a financial dispute with its hardware supplier, Foxconn.

Inc later reported that Fuhu owed Foxconn between $60 million and $100 million, and the supplier had refused to ship any more tablets until payment was made.

Fuhu filed for Chapter 11 bankruptcy on December 7,2015, saying one of its lenders, Tennenbaum Capital Partners, had collected a debt of $6.

At the 2014 Consumer Electronics Show, Fuhu showcased the third generation of its Nabi product, the Nabi Dream Tab.

Fuhu said the Dream Tab had comparable computing power to the iPad.

In late 2014, Fuhu announced the Nabi Big Tab, available with a 20-inch or 24-inch screen.

Fuhu created Nabi Frames, stickers that surrounded the tablet screen, featuring characters from popular children's television shows.

Fuhu created a charity, Nabi Inspire, meant to raise awareness and provide support for families affected by autism spectrum disorder.