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Jack Ma Foundation donates another 1.4 mln USD for coronavirus drug development

N.C.N. Limited 徽标 N.C.N. Limited 2020/2/14 张宇
Jack Ma standing in front of a screen © Provided by N.C.N. Limited

Jack Ma, founder of China's Internet giant Alibaba, addresses the audience during the Africa Netpreneur Prize final competition in Accra, capital of Ghana, Nov. 16, 2019. (Xinhua/Zhang Yu)

The Jack Ma Foundation will donate 1.43 mln USD for supporting the development of novel coronavirus drugs, just after its 14.3 mln USD donation on Jan. 29.

HANGZHOU, Feb. 14 (Xinhua) -- The Jack Ma Foundation has announced that it will donate 10 million yuan (1.43 million U.S. dollars) to the research group led by Chinese respiratory expert Zhong Nanshan to support the development of novel coronavirus drugs.

A cooperation framework agreement was jointly signed Thursday by the Jack Ma Foundation, Alibaba Cloud, Zhong Nanshan's medical foundation and the Guangzhou Institute of Respiratory Health.

According to the agreement, 6 million yuan will be used to support epidemic-related research and development at the Guangzhou Institute of Respiratory Health through Zhong's foundation. The remaining 4 million yuan will fund the screening of effective anti-virus drugs from existing drugs.

Alibaba Cloud will provide AI computing power free of charge to support the development of new drugs, viral gene sequencing and protein screening.

On Jan. 29, the Jack Ma Foundation announced it would donate 100 million yuan to support the research and development of a novel coronavirus vaccine. 

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