Alibaba Offers $2.8 Billion in Loans to Hubei Businesses Hit by Coronavirus
Alibaba Offers $2.8 Billion in Loans to Hubei Businesses Hit by Coronavirus

Alibaba announced it would offer $2.8 billion in loans to companies struggling since the coronavirus outbreak.

The one-year loans will be distributed to companies in Hubei, the central Chinese province that is the epicenter of the outbreak.