According to the data in Foresight Industry Research Institute's Market Foresight and Investment Analysis Report of P2P Online Lending Industry in China, from August 24th last year to August this year16,882 platforms withdrew from the online lending industry, and 657 platforms closed down and underwent benign transformation, accounting for over 70%. At the end of August of 20 16, the number of normal operating platforms was 1760; at the end of July of 2010/5, the number of platforms decreased by 42.32%. Perhaps, the number of platforms withdrawing from the online loan industry will further increase in the future, and the online loan industry will also usher in a healthier development.
Diversification and horizontal business expansion are the only way out for online lending platforms in the future. In the view of Forward-looking Industry Research Institute, the future online loan industry will be a market for giants to compete. With the deepening of the intensive process of the industry, the online loan industry will usher in the era of oligopoly competition. Compliance rectification is still the main task in the future, and industry reshuffle will continue.