SHANGHAI: Alibaba Group Holding Ltd said on Monday its affiliate Ant Financial’s WeBank unit would offer 20 billion yuan (RM11.9 bil) 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. The loans will carry low interest rates, it added. – Feb 10, 2020, Reuters
