Feb 27, 2021|
JD.com Named IFR Asia’s 2020 Issuer of the Year
by Vivian Yang
JD.com has been named the Issuer of the Year in IFR Asia’s 2020 Awards, as announced by the magazine on Feb 26, 2021. The awards are hosted by International Financing Review (IFR), a leading financial news magazine group headquartered in London.
IFR said in an article on its website covering the news: “In a breakout year for Chinese technology stocks, one company delivered a series of popular and well-executed capital market deals. For raising its profile and winning over new followers, JD.com is IFR Asia’s Issuer of the Year.”
“JD.com completed an impressive range of capital markets financings in 2020, broadening its reach with global equity and debt investors and capitalising on a global shift to new-economy stocks,” the article continued.
In 2020, JD.com completed its secondary listing in Hong Kong on Jun. 18. JD Health, the healthcare subsidiary JD.com also went public on HKEx six months later on Dec. 8.
The article also mentioned the IPOs of both JD Logistics, which filed its prospectus with HKEx earlier this month, and JD Technology is also on the way to go forward.
The magazine highlighted that JD’s resilience through the outbreak of COVID-19 is reflected in the company’s rise in credit quality, noting upgrades by both Moody’s and S&P.
“JD.com’s successes in 2020 sum up the adaptability that has been a hallmark since its earliest days. [Richard Liu, founder and CEO of JD.com] first turned to online sales in the aftermath of the SARS epidemic, launching electronics marketplace jdlaser.com in 2004. Sixteen years later, the coronavirus pandemic has again accelerated a shift in its business model – and transformed its profile in the capital markets,” said the article.