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Why did Shimei go bankrupt?

Because of plagiarism.

Events such as lens plagiarism once plunged Shimei into a quagmire. However, Shimei and Butterfly Lan, the author of "Full-time Master", had some contradictions because the animation modification of the novel details did not match the original work, which led to Shimei's low ratings and closed down.

In 2005, Chongqing Shimei Animation Art Co., Ltd. was established, based on local development, and was awarded the National Animation Industry Base by the State Radio, Film and Television.