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Xiaomi, Meituan and Didi Among Companies Seeking Billions in Loans to Combat Virus

By
Shai Oster
· · Source: Reuters

Some 300 companies including some of China’s biggest tech players are seeking loans worth more than $8 billion as they work to fight off the coronavirus, Reuters said. Some of the loans are for the work companies are taking to combat the epidemic. For instance, food delivery titan Meituan Dianping is seeking 4 billion yuan ($573 million) partly to pay for free food and delivery to medical staff...

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