Equities

Reuters exclusively reports hundred of Chinese businesses seek billions in loans to contend with coronavirus

Reuters exclusively reports hundred of Chinese businesses seek billions in loans to contend with coronavirus

More than 300 Chinese companies are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to help soften the impact of the coronavirus outbreak in China, Reuters reported exclusively. Sources told Reuters that among the prospective borrowers are food delivery giant Meituan Dianping, smartphone maker Xiaomi Corp, ride-hailing provider Didi Chuxing Technology Co, facial recognition start-up Megvii Technology Inc and internet security business Qihoo 360 Technology Co.