It is estimated that half of China’s peer to peer lending platforms closed down in 2018; by the end of 2019 70% of the remaining platforms will also be out of business; experts believe only 100 platforms will remain after the shakeout when at one time there was reportedly more than 5,000 platforms; the larger platforms are adapting by going into other areas of finance so they can be less reliant on p2p lending; industry researcher Zennon Kapron said, “I believe that over the course of 2019 most of the consolidations that are ever going to happen will happen.” Source.