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

By

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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
alibabachinacoronavirusfinancial services

Sponsored Whitepapers

Optus Enterprise Mobility
Optus Enterprise Mobility
Life After VMware: Scale Securely with mCloud by Micron21
Life After VMware: Scale Securely with mCloud by Micron21
Cut Cloud Costs Without Compromise: Discover mCloud by Micron21
Cut Cloud Costs Without Compromise: Discover mCloud by Micron21
What 4 wholesale distribution challenges aren’t going away anytime soon?
What 4 wholesale distribution challenges aren’t going away anytime soon?
State of the SOC: Building Resilience in a Shifting Threat Landscape
State of the SOC: Building Resilience in a Shifting Threat Landscape

Events

Most Read Articles

ING Bank Australia cuts days off rate renegotiation, loan top-ups

ING Bank Australia cuts days off rate renegotiation, loan top-ups
Bendigo Bank set to axe 145 "jobs" in technology division

Bendigo Bank set to axe 145 "jobs" in technology division
Lendi Group unveils agentic AI-powered home loan 'guardian'

Lendi Group unveils agentic AI-powered home loan 'guardian'
NAB makes cuts to technology and enterprise operations division

NAB makes cuts to technology and enterprise operations division
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?