Alibaba offers loans to Chinese firms hit by coronavirus
It says 10-billion yuan in loans will be made available for firms in Hubei, the central Chinese province that is the epicentre of the outbreak
10 February 2020 - 13:41
Shanghai — Alibaba said on Monday its affiliate, Ant Financial's MYBank unit, would offer 20-billion yuan ($2.86bn) in loans to companies in China in light of the coronavirus outbreak, with preferential terms for Hubei firms.
Alibaba made the announcement in a statement posted on its official Weibo account...
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