Analysis of the 2014‑2022 Chinese Internet Company Death List

IT Juzi has been compiling a "death list" of internet companies since 2014, continuously updating the database to cover the period up to 2022 and describing the list as a "social death scene" for the companies that appear on it.

The list includes many well‑known firms such as ofo, Xueba Jun, Global Easy Shopping, Dingdong Kuai Mai, Cainiao Group, Giant Education, Maimaibao, DaDa English, and others.

The site even offers a tongue‑in‑cheek "incense" feature, allowing users to "pray" for their defunct former companies.

Each entry records the company name, survival time, closure time, industry, location, founding date, and investment status. In 2021 alone, 821 companies shut down, and the article examines the distribution of these closures by industry.

# 2021 Education‑sector company death list

# 2021 Finance‑sector company death list

# 2021 Gaming‑sector company death list

# 2021 Blockchain‑sector company death list

The database classifies companies into 23 major categories; detailed breakdowns are available on the IT Juzi website.

Statistical analysis of death reasons shows, for example, that 70% of mobile‑game company closures are due to funding shortages, while 40% of social‑community company failures stem from market‑positioning issues, 30% from product problems, and 10% from financing.

Specific examples include Maimaibao, which survived 14 years and 2 months, received funding from Sequoia Capital, Tencent, JD.com, and was valued at ¥9.75 billion before closing due to insufficient competition; and JieRui Education, which lasted 10 years and 9 months, secured investment from Saillier Capital, Qianfan Capital, and Zhenge Fund, valued at ¥2.66 billion, but shut down because of policy and regulatory pressures.

# Data Disclaimer

1. This webpage is built on IT Juzi's investment database to showcase recently closed innovative startups in China’s new‑economy sector. 2. Closure dates are based on public media reports and some estimates, so minor inaccuracies may exist, though we strive for high reliability. 3. Determination of a company’s operational status follows three sources: public reports of closure or bankruptcy; self‑announced shutdowns on WeChat, Weibo, etc.; and clear signs of abnormal operation such as deregistration, no product updates for six months, or regulatory seizure.

While many bloggers predict 2022 trends, the only constant is change; programmers should continuously improve their technical and managerial skills and invest in themselves.

Prospective entrepreneurs are urged to think carefully before starting a venture, protect their capital, avoid reckless investment, and remember that as long as they retain principal, there remains a chance to recover.

2022 – let’s keep pushing forward together.