It is a pity that more than 1000 companies have declared bankruptcy since the outbreak of the epidemic. The announcement website of the people's court shows that since the outbreak of the epidemic, that is, from June 22, 2020 to the present, more than 1 1,000 enterprises have issued bankruptcy announcements. According to the incomplete statistics of Hunting Cloud, more than 10 large well-known institutions have been exposed.

Among them, the IT vocational training enterprise Lian Ge Education bears the brunt. On February 6th, Li Chao, founder of Lian Ge, published an open letter, officially declaring the brand "bankrupt". On February 7th, the general manager of Beijing Gewang announced internally that he would terminate the labor contract with more than 200 employees.

On February 13, parents of Mingxi University students received a letter from Wang Jiashu, the founder of Mingxi University, saying that the company was closed due to financial difficulties. On February 18, Baifu English informed the students in the campus that the teaching team would be dissolved because of the inability to enroll students in the spring and the withdrawal of management.

Around February 27th, two stores of Yuebaoyuan, an early education institution, in Shanghai and Beijing were exposed and closed down. On February 28, Baicheng Travel Network, which specializes in visa business, announced that the company could not continue to operate and started liquidation procedures ... From the reasons announced by various enterprises, the embarrassment of some enterprises had already appeared before the epidemic, and the epidemic was the last straw to crush them.