KRTL BioTech

Exclusive: Hundreds of Chinese firms seek billions in loans amid coronavirus outbreak - sources

Exclusive: Hundreds of Chinese firms seek billions in loans amid coronavirus outbreak - sources

More than 300 Chinese firms including Meituan Dianping , China's largest food delivery company, and smartphone maker Xiaomi Corp are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to soften the impact of the coronavirus, two banking sources said.