Jack Ma donates $14 million to develop coronavirus vaccine

Jack Ma, Alibaba founder and China's richest man...

Posted: Jan 29, 2020 10:40 AM
Updated: Mar 10, 2020 1:53 PM

Jack Ma, Alibaba founder and China's richest man, has donated 100 million yuan ($14.4 million) through his foundation to help find a vaccine for the Wuhan coronavirus.

The billionaire has earmarked 40 million yuan ($5.8 million) for two Chinese government research organizations, according to a social media post from the Jack Ma Foundation.

The remainder of the funds will be used to support "prevention and treatment" measures, the foundation said.

The donation follows an announcement on Saturday by Alibaba that it is setting up a 1 billion yuan ($144 million) fund to buy medical supplies for Wuhan and Hubei province, the epicenter of the virus outbreak.

The company is also offering free AI computing power to scientific research organizations to support the search for a vaccine or treatments.

Alibaba is one of a host of Chinese technology companies donating funds to coronavirus treatment efforts, according to state-owned newspaper China Daily.

Others include telecom equipment and smartphone maker Huawei, e-commerce company Tencent, search engine Baidu, TikTok owner ByteDance and food delivery firm, Meituan-Dianping.

Scientists in the United States and China are among those working on a vaccine.

But it may be more than a year until a vaccine is available, according to Dr. Anthony Fauci, director of the US National Institutes of Allergy and Infectious Diseases.

The virus has killed at least 132 people, with nearly 6,000 cases confirmed in mainland China. More than 80 cases have been confirmed elsewhere, including in the United States and Australia.

— Elizabeth Cohen contributed reporting.

Oregon Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 30995

Reported Deaths: 529
CountyConfirmedDeaths
Multnomah6853133
Marion446690
Washington431558
Umatilla291641
Clackamas227361
Malheur153923
Jackson10574
Lane99115
Deschutes77712
Yamhill73814
Jefferson5138
Polk50315
Morrow4906
Lincoln47313
Linn46813
Union4352
Benton2806
Klamath2752
Hood River2450
Wasco2443
Douglas2113
Josephine1862
Columbia1531
Coos1420
Clatsop1210
Baker902
Crook601
Tillamook490
Curry300
Lake280
Wallowa281
Sherman180
Harney120
Gilliam80
Grant80
Unassigned00
Wheeler00
Eugene
Broken Clouds
62° wxIcon
Hi: 72° Lo: 52°
Feels Like: 62°
Corvallis
Broken Clouds
60° wxIcon
Hi: 72° Lo: 55°
Feels Like: 60°
Roseburg
Overcast
63° wxIcon
Hi: 77° Lo: 54°
Feels Like: 63°
North Bend
Few Clouds
61° wxIcon
Hi: 66° Lo: 57°
Feels Like: 61°
KEZI Radar
KEZI Temperatures
KEZI Planner

LATEST FORECAST

Community Events