CHINA SLOWLY GET BACK TO WORK
Workers began trickling back to offices and factories around China as the government eased some restrictions on working during a coronavirus epidemic that has killed more than 900 people, most of them on the mainland.
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Alibaba offers $2.86 billion in loans to firms hit by coronavirus outbreak
Alibaba Group Holdings said on Monday its affiliate Ant Financial’s MYBank unit would offer $2.86 billion in loans to companies in China in light of the coronavirus outbreak, with preferential terms for Hubei firms. Read more
Exclusive: Hundreds of Chinese firms seek billions in loans amid coronavirus outbreak – sources
More than 300 Chinese firms including Meituan Dianping, China’s largest food delivery company, and smartphone maker Xiaomi Corp are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to soften the impact of the coronavirus, two banking sources said. Read More
Nearly 100 more die from coronavirus in China, workers start to return to offices and factories
People across China trickled back work after an extended Lunar New Year holiday as the government eased restrictions imposed to counter the coronavirus, but the World Health Organization said the number of cases outside China could be just “the tip of the iceberg”. Read more