The Alibaba headquarters in Hangzhou. The company has said it wants to make sure ‘funds get into the hands of the enterprises that need them’. Photo: AFP The Alibaba headquarters in Hangzhou. The company has said it wants to make sure ‘funds get into the hands of the enterprises that need them’. Photo: AFP
The Alibaba headquarters in Hangzhou. The company has said it wants to make sure ‘funds get into the hands of the enterprises that need them’. Photo: AFP

Alibaba

Business /  China Business

Alibaba unveils relief measures for online merchants affected by coronavirus outbreak

  • Measures range from service fee exemptions for online merchants on Tmall to discounted loans offered through MYBank
  • Alibaba to subsidise chain restaurants forced to shut, as well as its supply chain and courier businesses

Topic |   Alibaba
Zhang Shidong
Zhang Shidong

Updated: 9:00am, 11 Feb, 2020

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The Alibaba headquarters in Hangzhou. The company has said it wants to make sure ‘funds get into the hands of the enterprises that need them’. Photo: AFP The Alibaba headquarters in Hangzhou. The company has said it wants to make sure ‘funds get into the hands of the enterprises that need them’. Photo: AFP
The Alibaba headquarters in Hangzhou. The company has said it wants to make sure ‘funds get into the hands of the enterprises that need them’. Photo: AFP
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