Hundreds of Chinese firms seek billions in loans amid coronavirus outbreak: Sources

Hundreds of Chinese firms seek billions in loans amid coronavirus outbreak: Sources

The Straits Times - Asia·2020-02-10 19:33

BEIJING (REUTERS) - More than 300 Chinese firms, including Meituan Dianping, China's largest food delivery company, and smartphone maker Xiaomi Corp, are seeking bank loans totalling at least 57.4 billion yuan (S$11.4 billion) to soften the impact of the coronavirus, two banking sources said.

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