Amidst the novel coronavirus epidemic, about 300 Chinese companies are seeking a total of at least 57.4 Billion Yuan (US $8.2 Billion) in loans. Either the epidemic has hit them badly or they will participate in the control of the epidemic.
Among them, one is the facial recognition company, Megvii Technologies. It applied for 100 million Yuan (US $14 million) to enhance the facial recognition accuracy of people wearing masks.
Qihoo 360 also seeks 1 billion Yuan (US $140 million). It said that it will use the money to buy medical related products and develop an application to follow and prevent the coronavirus. Qihoo 360 is an Internet security company known for its antivirus software, web browser, and mobile application store. Continue reading