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Liu Qiangdong, the chairman of the board of directors of JD Group, said today at a sharing session that JD International's business model is different from Amazon's. If they were the same, JD would have no advantage. "In fact, we initially signed contracts with 1,000 Chinese brands. We want to make 1,000 Chinese brands successful, and then JD will be successful. If we sell products like Amazon, all are European and American local brands, JD really has no advantage. These 1,000 Chinese brands need to be negotiated one by one and comply with local regulations and certifications, so it may take us another 5 years to bring all of these brands overseas." Liu Qiangdong said. In Liu Qiangdong's view, Chinese brands like Midea and Haier have always surpassed European and American brands in terms of quality and innovation. For example, in the past 10 years, 98% of the innovation in small home appliances worldwide has come from China, while Europe and America have only produced Dyson. Liu Qiangdong also mentioned that they are not planning to introduce new business models, but will deepen and strengthen the existing seven or eight business models centered around the supply chain and expand their international business. (Sina Technology)