Exploring in Five Directions -- Tianjin JD Consumer Finance Lands in TEDA

On July 2nd, Tianjin Jingdong Consumer Finance Co., Ltd. (abbreviated as “JD Consumer Finance”) held its inauguration in TEDA, marking its official debut in the region. Upon establishment, JD Consumer Finance will deploy a team of about 200 people to build operational, data, risk control, and R&D centers. Based in Tianjin and TEDA, it aims to serve the whole country. The company will focus on the integration of finance, consumption and technology, and accelerate the creation of a new benchmark in consumer finance. It will explore into five major areas -- technology finance, green finance, inclusive finance, pension finance, and digital finance, providing consumers with safe, convenient, and efficient financial services. In the future, JD Consumer Finance will strengthen regional industrial chain collaboration, and continuously step up JD’s presence in TEDA. It will bring in more businesses such as financial technology, supply chain finance, new consumer platforms, settlement, etc., supporting the high-quality coordinated development of enterprises and the region as a whole.

As a key financial innovation project in the Financial Innovation Operation Demonstration Zone, JD Consumer Finance will enhance the gathering of financial resources in TEDA, strengthen and optimize financial infrastructure, and reinforce the industry’s leading role. It will build on professional service capabilities as a financial institution, set an example in coordinated finance-industry development as well as the integrated development of finance and digitization, providing a new model of financial service empowering key areas for the Financial Innovation Operation Demonstration Zone.

In the next phase, TEDA will fully tap the potential of consumer finance in commodity consumption expansion, service consumption upgrade, and new consumption types cultivation, providing citizens with inclusive and convenient online services. It is reported that the TEDA JD MALL will open in the second half of this year. At that time, JD Consumer Finance will interact with offline carriers, playing a core role as an industry stabilizer and a consumer power amplifier, achieving diversified and convenient consumption scenarios, and further leveraging the role of financial services in the real economy.