It didn’t go bankrupt. According to an announcement issued by Shandong Wanjia Network Company: As of April 2023, Shandong Wanjia Network Company is still operating and has launched many new projects without going bankrupt. Shandong Wanjia Internet Culture Co., Ltd. was founded in June 2003. It has the qualification to operate Internet cafe chains in the province and has 2,600 franchise chain stores.