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

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Half of all loans directed at Hubei province.

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