FILE PHOTO: The logo of Alibaba Group is seen inside DingTalk office, an offshoot of Alibaba Group Holding Ltd, in Hangzhou, Zhejiang province, China July 20, 2018. Picture taken July 20, 2018. REUTERS/Aly Song
SHANGHAI (Reuters) - Alibaba Group Holdings said on Monday its affiliate Ant Financial's MYBank unit would offer 20 billion yuan ($2.86 billion) in loans to companies in China in light of the coronavirus outbreak, with preferential terms for Hubei firms.
Alibaba made the announcement in a statement posted on its official Weibo account.
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