Although the concept of Janus particles was raised in the early 1990s, the related research has not attracted considerable interest until recently due to the special properties and applications of these colloidal particles as well as the advances in new fabrications. Janus particles can be divided into three categories: polymeric, inorganic, and polymeric–inorganic, and each kind of Janus particles can be spherical, dumbbell-like, half raspberry-like, cylindrical, disk-like, or any of a variety of other shapes. Different Janus particles may share common preparation principles or require specific fabrication processes, and may have different assembly behaviours and properties. This critical review discusses the main fabrication methods of the three kinds of Janus particles, and then highlights the important properties and applications of these Janus particles developed in recent years, and finally proposes some perspectives on the future of Janus particle research and development.