Alibaba’s Jack Ma donates $14 million to develop coronavirus vaccine

  • Alibaba’s Jack Ma donates $14 million to develop coronavirus vaccine

Alibaba’s Jack Ma donates $14 million to develop coronavirus vaccine

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Hangzhou, Jan 30 (SocialNews.XYZ) The Jack Ma Foundation has announced it will donate 100 million yuan (14.4 million USA dollars) to support research and development of a novel coronavirus vaccine. Even with Ma's donation, experts predict that it will take up to a year for the vaccine to be developed and hit the market. "This money will help various medical research efforts and help disease prevention", it added.

Prior to this, Ma's company, Alibaba, announced that it would be donating a billion yuan ($144million) to ensure that hospitals in Wuhan and Hubei Province have the supplies they need, a statement revealed on Sunday. According to Alibaba Group and Jack Ma Foundation's creator Jack Ma, we all know this It is alleged that scientists have little or no time, from analysis on the vaccine to its manufacturing and use on a big scale, it isn't going to be very simple.

Other Chinese tech giants that have contributed towards coronavirus treatment include telecom equipment maker Huawei, e-commerce company Tencent, search engine Baidu, TikTok owner ByteDance and food delivery firm, Meituan-Dianping, according to the state-owned newspaper "China Daily". The announcement came barely hours after business magnate and computer software inventor Bill Gates promised to donate KSh 500 million (N1,801,689,851) to help Africa fight the spread of coronavirus. Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!

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