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

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

- Jack Ma earmarked GHC32 million for two Chinese government organisations researching on treatment of coronavirus

- The rest of the grant will support staff from research establishments in China and around the world

- The announcement followed another one by Amazon which was setting up GHC800 million fund to buy medical supplies

- Computer software inventor Bill Gates had also promised to donate KSh 500 million to help African fight the spread of coronavirus

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China's richest man and founder of the e-commerce conglomerate Alibaba, Jack Ma, has donated 100 million Yuan (GHC80m) to help scientists develop vaccine for coronavirus.

The billionaire earmarked 40 million yuan (GHC32million) for two Chinese government research organizations, whose experts are striving to create the vaccine.

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China's richest man Jack Ma donates KSh 1.5 billion to scientists developing coronavirus vaccine

China's richest man and founder of Alibaba, Jack Ma has donated 100 million Yuan (KSh 1.5 billion) to help scientists develop the vaccine for coronavirus. Photo: CNBC
Source: UGC

The announcement of the generous aid was announced on Wednesday, January 29, 2020, 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 had on Saturday, January 25, 2020, announced that it was setting up a 1 billion Yuan (GHC800 million) fund to buy medical supplies for Wuhan and Hubei province.

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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.

The announcement came barely hours after business magnate and computer software inventor Bill Gates promised to donate KSh 500 million to help Africa fight the spread of coronavirus.

Bill and Melinda Gates Foundation said it would remit a total of KSh 1 billion, which would be divided equally between China and Africa.

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

In other stories, YEN.com.gh reported that while others haven’t even thought about a potential colour for their wedding, some brides-to-be have been working on the wedding since they were toddlers and the planning does not exclude their bridesmaids.

Bridesmaids are an important feature of a successful wedding and some brides-to-be tie the knot on their special day with as many bridesmaids as the number of another bride’s guest.

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Source: Yen

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