Why Do So Many Chinese Tech Startups Fail? 2021 Industry Death Toll Revealed
The article presents IT Orange’s comprehensive “death company” database, detailing Chinese internet startups that folded between 2014‑2022, highlighting 2021 sector‑specific shutdowns, statistical death causes, and lessons for developers and entrepreneurs on funding, product, and regulatory risks.
IT Orange has compiled a “death company database” documenting Chinese internet startups that closed between 2014 and 2022, regularly updating the list.
The database records each company’s name, lifespan, closure duration, industry, location, founding date, and investment status. In 2021, 821 companies shut down, broken down by sector.
2021 Education Sector Death List
2021 Finance Sector Death List
2021 Gaming Sector Death List
2021 Blockchain Sector Death List
The overall data spans 23 categories; detailed tables are available on the IT Orange website.
Analysis of death reasons shows, for example, 70% of mobile gaming companies failed due to funding issues, while 40% of social networking firms closed because of market positioning problems, 30% due to product issues, and 10% due to financing.
Specific cases are highlighted: Maimaibao survived 14 years 2 months, raised capital from Sequoia, Tencent, JD, valued at ¥9.75 billion, but died from insufficient competition; JieRui Education lasted 10 years 9 months, backed by several venture funds, valued at ¥2.66 billion, but succumbed to regulatory policies.
This webpage is based on IT Orange’s investment database and aims to present the recent wave of closures among innovative Chinese companies. The closure dates are derived from public reports, company announcements, and observable inactivity such as unupdated apps for over six months.
The author urges programmers to continuously improve their technical and management skills, invest in themselves, and be cautious about entrepreneurship and reckless investment.
Signed-in readers can open the original source through BestHub's protected redirect.
This article has been distilled and summarized from source material, then republished for learning and reference. If you believe it infringes your rights, please contactand we will review it promptly.
Java Backend Technology
Focus on Java-related technologies: SSM, Spring ecosystem, microservices, MySQL, MyCat, clustering, distributed systems, middleware, Linux, networking, multithreading. Occasionally cover DevOps tools like Jenkins, Nexus, Docker, and ELK. Also share technical insights from time to time, committed to Java full-stack development!
How this landed with the community
Was this worth your time?
0 Comments
Thoughtful readers leave field notes, pushback, and hard-won operational detail here.