JD Finance announced recently at the 2016 Summer Davos Forum in Tianjin that it plans to set up an open financial platform, focusing on self-development with a global perspective and improved efficiency at lower cost.

JD Finance has established itself as a crowd-funding center and insurance broker, now the largest in Tianjin. Inspired by changes in consumption patterns in China, the company has committed itself to crowd-funding, and is now ranked first in this sector. It has also made great progress in big-data risk control, machine learning and other fields and delivered the product JD Debt, which expands the Internet finance market.

Chen Qiangsheng, CEO of JD Finance, has said that he is committed to using the latest technology in his products, more so, he feels, than most Chinese innovative companies. JD has invested in many technology and data companies including Zestfinance in the US.

Chen pointed out that technique and efficiency are the key points in financial technology. As a financial technology company, JD Finance is devoted to the development of big data, machine learning and artificial intelligence, in order to optimize professional efficiency at lower cost. The company aims to provide customers with better products and services."The next step of JD Finance relates to openness," Chen added. He emphasized that JD will build an efficient platform based on data and technology and share it with traditional financing institutions, benefiting all financial customers.