Reasons for the closure of Baima advertisement

1. There are problems in the internal management of the company. Baima advertising company's financial data is inaccurate, employees' wages are not paid on time, and social security payment is not timely.

2. There are problems in the company's business model. Baima advertising company mainly relies on the advertising business of big customers, and it is highly dependent on big customers.

3. The industry development environment has changed. The competition intensified and the advertising market shrank, which led to the reduction of the company's business scale.