Alibaba offers $4.3 billion in loans to firms hit by coronavirus outbreak

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Alibaba offers $4.3 billion in loans to firms hit by coronavirus outbreak

Half of all loans directed at Hubei province.

Alibaba Group Holdings said on Monday its affiliate Ant Financial's MYBank unit would offer 20 billion yuan (A$4.28 billion) 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 ...

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