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Exclusive: Hundreds of Chinese businesses seek billions to contend with coronavirus - sources

Exclusive: Hundreds of Chinese businesses seek billions to contend with coronavirus - sourcesMore than 300 Chinese companies are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak in China, two banking sources said. 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, the sources said, adding that the companies seeking loans were either involved in the control of the epidemic or had been hardest hit.




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