WeChat Pay and WeSure, an online insurance platform backed by Tencent, are offering medical assistance to small- and medium-sized vendors who are affected by the coronavirus epidemic. Eligible applicants are entitled to receive RMB 1,000 per day for up to 30 days. Apart from that, Ant Financial-backed online commercial lender Mybank has cut its interest rate by 10% for 1.8 million small business owners in Hubei where the epidemic started and whose economy is hit the most. Besides, Tencent, Alibaba and Bytedance have lifted the fee on several paid features in their teamworking applications for smaller enterprises. (Wenhui)
