Jack Ma to donate $14 million towards vaccine research for the novel coronavirus

richest man in China and co-founder of e-commerce giant Alibaba, Jack Ma, has recently pledged  $14 million dollars in an effort to help development of a vaccine for dely new Chinese coronavirus. donations were me through his charitable foundation called ' Jack Ma Foundation'.

donation will be split

According to reports, donation will be split between two research organisations of Chinese Government, each organisation will receive 5.8 million dollars and rest of money will go towards prevention and treatment of dely virus. Even with Ma's donation, experts predict that it will take up to a year for vaccine to be developed and hit market.

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pharmaceutical giant, Johnson & Johnson has also started quest for a vaccine and in a statement said that y were 'very confident' that y would be able to find a vaccine.

Who is Jack Ma?

Jack Ma is a Chinese business magnate, investor, politician, and philanthropist and also co-founder of Alibaba. Ma is former chairman of Alibaba Group, a large multinational techlogy conglomerate. Ma has always been a great proponent of an open and market-driven ecomy according to sources. 

Reports claim that Ma has a net worth of $44.3 billion making him richest man in China and one of richest people in world.

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(with inputs from ncies)