Internet Finance Big Coffee Chen Shengqiang: Jingdong Finance Next Step To Do So!

In just two and a half years,

We have developed seven business lines, namely, consumer finance, supply chain finance, wealth management, public financing, payment, insurance and securities. The products such as IOUS and public chips are more firmly occupied by the consumer market, and the overall valuation is more than 46 billion yuan.

According to a report released at the end of June, Jingdong finance has been listed as the current domestic market.

One of the leading sheep.

Chen Shengqiang, Jingdong financial CEO, said that the growth of Jingdong finance is supported by

The overall data advantage, but more "go out of the Jingdong", do a company that does not depend on Jingdong, has its own flow and the underlying technical advantages.

Chen Shengqiang's wishes are slowly coming true.

In Chen Shengqiang's concept, Internet finance is a false proposition, from the surface understanding is like fighting against traditional financial institutions.

He said, "do not agree with the Internet finance". He believes that as a strong Internet gene attribute Jingdong, we should make full use of the existing and potential data and technology advantages, do well in the underlying technology structure and risk management, and export this core capability to the traditional financial institutions.

The first to put forward the concept of "financial technology" is also the core position of Jingdong finance.

In the past two years, Jingdong finance has established several powerful businesses, such as supply chain finance and consumer finance, with the help of Jingdong's own big data advantages.

In addition, we also focus on building effective data models through investment in mature data companies.

Take the supply chain finance as an example, at the beginning of Jingdong finance, it was very inefficient to cooperate with banks in approving and lending, and the supplier experience was not good. Then, based on the Jingdong financial big data wind control method, using the cash flow from the retail chain of Jingdong e-commerce, we designed the product "Jing Bao Bei", which not only effectively controlled the risk of lending, but also shortened the lending period from four or five days to 3 minutes, and online one-stop operation enhanced the financial efficiency.

Chen Shengqiang is naturally sensitive to data, and the digital thinking mode is the main way to review his self correction. This habit has been formed since he joined Jingdong as chief financial officer in 2007.

Chen Shengqiang spent five years building up the operation analysis system of the entire Jingdong group. By setting up more than 1000 data indicators, Liu Qiangdong helped to optimize the business process through digital management.

Chen Shengqiang told the media that the next step for Jingdong finance is to create an open ecosystem, and to turn its capabilities to the output of financial institutions and non-financial institutions, and become a real financial technology company that can win cooperation with external agencies.