Direct attack Jingdong financial Chen Shengqiang: digital world symbiosis is greater than competition


Direct attack Jingdong financial Chen Shengqiang: digital world symbiosis is greater than competition

On the afternoon of Nov. 8, Sina Technologies News reported that Chen Shengqiang, CEO of Jingdong Finance, first explained the new orientation of digital technology of the company at the theme forum of the Fifth World Internet Congress "Financial Science and Technology and Credit Society Construction", "Let digital technology become a bridge connecting financial and real industries, helping financial numbers with one hand." It helps to digitalization.

Chen Shengqiang said that from the point of view of origin, finance actually originated from the need of the development of the real industry. Because of the industrial demand, there is finance, which in turn can promote the development of the industry. Therefore, no matter which stage the financial industry develops, we need to go deep into the service industry.

"What financial technology is doing is to help the development of the financial sector with technology. In the future, science and technology will also contribute to the Internet, digitalization and intellectualization of the real industry, promote the development of the real industry, and make the financial services industry better. He finally said, "in the digital world, symbiosis is greater than competition. There are still many industries and industries to be digitized in China, which requires all industry practitioners to explore and promote together.

The following is the full text of Chen Shengqiang's speech:

As the Liang Bureau said just now, we are preparing to rename the company. The core reason is that we are not only doing financial science and technology to help digitalize finance, but also helping digitalize the real industry. Because we have done business beyond the scope of financial services, such as smart city, smart farming and other businesses, the name can not hold business, so we need to change the name. Our change is the same as the logic of Google's parent company Alphabet. All our businesses are related to digital technology, and financial technology will still be a very important sector for us.

From the point of view of origin, finance actually originates from the need of the development of real industry. Because of the need of industry, there is finance. With finance, in turn, it can promote the development of industry. Therefore, no matter which stage the financial industry develops, we need to go deep into the service industry. Nowadays, the digitalization of the real industry is still in its infancy. Therefore, as a digital technology company, we need to make digital technology become a bridge connecting finance and real industry, to help finance digitalization and industry digitalization.

In the past, because of the high degree of digitalization of the e-commerce industry, we can use the data of e-commerce, and based on the understanding of the business industry, to do digital finance, and use digital finance to serve the e-commerce industry. Then, when we have accumulated the core risk pricing ability, operational ability, and stronger scientific and technological ability, we can help financial institutions to do digitization, so that financial institutions and e-commerce suppliers and customers produce a more efficient and low-cost combination.

Now, we can use our accumulated data technology to provide digital and intelligent services for more industries by learning new industry knowledge, introducing new industry talents, and accumulating industry understanding ability.

Take intelligent city service as an example, we build a "urban operating system" based on cloud computing, big data and artificial intelligence technology. This urban operating system can efficiently support vertical applications in many fields, covering urban transportation, planning, environment, energy consumption, government and commerce, etc. Rational planning, efficient operation and maintenance, and accurate prediction of closed loop and sustainable development ecology. The goal of this operating system is to digitize and intellectualize the operation and public services of the whole city.

Although the system itself is to serve the intellectualization of the city, in fact, the main body of the city still has financial needs. Therefore, in this operating system, we have created an intelligent city credit platform, which can gather the data of the government, enterprises and individuals to provide credit services to many parties. This kind of credit service itself is a kind of digital, a large number of small and medium-sized enterprises, even street stores, by digitizing their own business behavior, make their credit become "assessable assets". As a result, it is easier to get support from all kinds of financial institutions.

For example, intelligent farming, we are based on robots, AI, the Internet of Things and SaaS in the service of agricultural innovation projects, the first relatively mature product is to provide intelligent farming robot system for medium-sized pig farms. Through this system, we can help the whole pig industry to realize automatic feeding, automatic monitoring of weight gain, automatic diagnosis of diseases, automatic environmental control and so on. Within one year after the deployment of this system, the artificial cost of the whole aquaculture process can be reduced by about 30% - 50%, the feed consumption can be reduced by 8% - 10%, and the whole time of going out can be shortened by 5 - 8 days on average. At present, there are about 700 million live pigs in China every year. According to this algorithm, we can help reduce the cost of the whole industry by more than 50 billion yuan. On the other hand, we can also quantify and visualize the overall credit of the aquaculture enterprises we serve through this system, so as to help these aquaculture enterprises dock with financial institutions, so as to obtain better financial support.

Thus, what financial technology is doing is to help the development of the financial sector with technology. In the future, science and technology will also contribute to the Internet, digitalization and intellectualization of the real industry, promote the development of the real industry, and make the financial services industry better. In the digital world, symbiosis is greater than competition. There are still many industries and industries to be digitized in China, which requires all industry practitioners to explore and promote together.


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