Home Business Exclusive: Hundreds of Chinese firms seek billions in loans amid coronavirus outbreak...

Exclusive: Hundreds of Chinese firms seek billions in loans amid coronavirus outbreak – sources

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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 ($8.2 billion) to soften the impact of the coronavirus, two banking sources said.

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