Alibaba pledges over $140m to fight coronavirus; creates platform to deliver medical supplies

Alibaba pledges over $140m to fight coronavirus; creates platform to deliver medical supplies

- Alibaba has implemented measures to help deal with the coronavirus outbreak in China

- The company pledged $140 million and has created a system to assist with the transportation of crucial medical supplies

- Items listed for donation include facemasks, respirators, protective suits, thermometers, disinfectant, and gloves

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Chinese e-commerce giant, Alibaba, has pledged $140 million to help fight the coronavirus.

Information available shows that the firm has also created a platform to assist with the distribution of important medical supplies.

Alibaba explained that the platform would help transport such items to areas hardest hit by the coronavirus.

READ ALSO: Mobile World Congress canceled over fears of coronavirus

It would therefore connect medical suppliers with buyers located in the trouble spots such as Wuhan, Wenzhou and Hangzhou.

Alibaba added that it intends to deliver the supplies to frontline medical personnel in the fastest and safest possible ways.

Items to be delivered, per a report by Business Insider, include facemasks, respirators, protective suits, thermometers, disinfectant, and gloves.

The company went ahead to list the specifications for each item, taking into consideration types, models and quantity of products.

It would also vet each supplier with the help of a carefully designed verification system.

Alibaba, as of February 3, 2020, has delivered self-purchased and donated medical items from 15 countries to 18 hospitals in the provinces of Hubei, Zhejiang, and Anhui.

In other news, Ghana’s gold producer, AngloGold Ashanti, has left South Africa after selling its mines there for $297 million.

The mining firm reached an agreement with Harmony Gold Mining Company Limited to offset its remaining assets and liabilities in the country.

Per a report by Business Insider, Harmony is expected to pay $200m in cash and $260/oz of gold from Mponeng and other underground assets included in the transaction based on production above 250,000oz/year.

YEN.com.gh understands that payment would be made for six years beginning from 2021.

AngloGold Ashanti explained to investors that it approved the sale because it intends to streamline its portfolio in line with a frame work focused on capital allocation.

This would help it create a more focused business with enhanced operating and financial standards.

READ ALSO: Almost 15,000 new cases of coronavirus recorded in Chna;s Hubei province

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Source: Yen.com.gh

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