China’s richest man Jack Ma donates R200m for coronavirus vaccine

China’s richest man Jack Ma donates R200m for coronavirus vaccine

- Jack Ma donated a total of $14 million to two Chinese government organisations researching the treatment of coronavirus

- The announcement followed another one by Alibaba which is setting up a R2 billion fund to buy medical supplies

- Computer software inventor Bill Gates had also promised to donate R73 million to help Africa fight the spread of the coronavirus

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China's richest man and founder of the e-commerce conglomerate Alibaba, Jack Ma, has donated 100 million Yuan (R206 million) to help scientists develop a vaccine for coronavirus.

The billionaire earmarked 40 million yuan (R85 million) for two Chinese government research organisations, whose experts are striving to create the vaccine.

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China's richest man Jack Ma donates $14 million to scientists developing coronavirus vaccine

China's richest man and founder of Alibaba, Jack Ma has donated 100 million Yuan (R206 million) to help scientists develop the vaccine for coronavirus. Photo: CNBC
Source: UGC

The announcement of the generous aid was announced on Wednesday through Ma's foundation as the outbreak in the Chinese accelerated, CNN reported.

The rest of the grant will support staff from research and scientific establishments in China and around the world in the control and prevention efforts of the deadly virus.

Alibaba announced that it was setting up a 1 billion Yuan fund to buy medical supplies for Wuhan and Hubei province.

The company is also offering free Artificial Intelligence (AI) computing power to scientific research organisations to support the search for a vaccine or treatments.

Other Chinese tech companies donating funds to coronavirus treatment efforts include telecom equipment and smartphone maker Huawei.

Others are e-commerce company Tencent (TCEHY), search engine Baidu (BIDU), TikTok owner ByteDance and food delivery firm, Meituan-Dianping.

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The announcement came hours after business magnate and computer software inventor Bill Gates promised to donate R73 million to help Africa fight the spread of coronavirus.

The funds allocated for Africa will be used to create centres for disease control and prevention for screening and crisis preparedness.

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Source: Briefly.co.za

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