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KM Financial Solutions | UPDATE 1-Alibaba offers $2.86 bln in loans to firms hit by coronavirus outbreak
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UPDATE 1-Alibaba offers $2.86 bln in loans to firms hit by coronavirus outbreak

09 Feb UPDATE 1-Alibaba offers $2.86 bln in loans to firms hit by coronavirus outbreak

Posted at 11:15h in News by
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Alibaba Group Holdings
said on Monday its affiliate Ant Financial’s MYBank unit would
offer 20 billion yuan ($2.86 billion) in loans to companies in
China in light of the coronavirus outbreak, with preferential
terms for Hubei firms.

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