Which is More Advantageous in Financial Technology and Traditional Finance? Evidence from JD Finance

In recent years, Internet finance and financial technology have been the fastest growing sectors in the national economy. We provide some evidence through the analysis of JD Finance to explain how financial technology affects traditional finance. We show that the eight characteristics of JD financial technology are significantly different from traditional finance. We find that the biggest problem for different types of transactions in traditional financial and FinTech may be the regulatory dilemma, as it is difficult to obtain data on their respective purchasing behaviors and market reactions.