Chinese

Jack Ma donates $ 14 million to develop coronavirus vaccine

Summary

How is the world working towards a Coronavirus vaccine? Description video: Hundreds of countries, companies and organisations are working together around the world in the hunt for a vaccine to solve the COVID-19 pandemic. \n\nWe hear from Dr Seth Barkley […]

How is the world working towards a Coronavirus vaccine?

Description video:
Hundreds of countries, companies and organisations are working together around the world in the hunt for a vaccine to solve the COVID-19 pandemic. \n\nWe hear from Dr Seth Barkley (CEO, GAVI), Stéphane Bancel‎ (CEO, Moderna Theraputics) and Paul Stoffels (Chief Science Officer, Johnson \u0026 Johnson) about the challenges being faced. \n\nAll were speaking as part of the World Economic Forum’s COVID Action Platform.\n\nThe World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.\n\nWorld Economic Forum Website ► http://www.weforum.org/\nFacebook ► https://www.facebook.com/worldeconomicforum/\nYouTube ► https://www.youtube.com/wef\nInstagram ► https://www.instagram.com/worldeconomicforum/ \nTwitter ► https://twitter.com/wef\nLinkedIn ► https://www.linkedin.com/company/world-economic-forum\nTikTok ► https://www.tiktok.com/@worldeconomicforum\nFlipboard ► https://flipboard.com/@WEF\n\n#WorldEconomicForum #Coronavirus #Vaccine

Jack Ma donates $ 14 million to develop coronavirus vaccine

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

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

According to the fund, the remainder of the funds will be used to support measures "prevention and treatment".

The donation follows Alibaba’s announcement on Saturday that it will set up a 1 billion yuan ($ 144 million) fund to purchase medicines for Wuhan and Hubei, the epicenter of the virus outbreak..

The company also offers free computing power to research organizations to support the search for a vaccine or treatment..

Jack Ma donates $ 14 million to develop coronavirus vaccine

According to the state newspaper China Daily, Alibaba is one of many Chinese tech companies donating funds for coronavirus treatment. Among them are 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 the vaccine. But according to Dr. Anthony Fauci, director of the US National Institute of Allergy and Infectious Diseases, it could take more than a year..

Representative of the pharmacological direction of Johnson Corporation & Johnson earlier this week said it was confident the company could find a vaccine.

«We have dozens of scientists working for us, so we are confident that we can do something that will work and stay active for a longer period.», – told CNBC Paul Stoffels, chief scientist of the company.

But he also confirmed that it could take up to a year before a vaccine hits the market..

«In the next few weeks, we’ll see how things go», – added Stoffels.