More than 7818 people have been infected, and 170 people died with the rapid spread of Coronavirus in almost all over the world. No method of treatment or vaccine is developed or found yet.
Funds are being donated for Coronavirus Vaccine.
Since the outbreak of Coronavirus from Wuhan city has spread in many parts of the world, funds are donated from all over the world to create vaccines for the epidemic. The death toll is increasing and taking many lives in China, and no vaccine is being developed yet.
Jack Ma, the founder of Alibaba and also the second richest man, has donated 100 million yuan ($14.4 million) for the creation of vaccines. He has contributed 40 million yuan ($5.8 million) for two research organizations of the Chinese Government, and the rest of the funds will be used for treatment and prevention measures. In addition to it, Alibaba will also provide for all the necessary Al computing processes required for the creation of the vaccines.
Bill and Melinda Gates Foundation of Bill Gates has donated $10 million in addition to $5 million for international cooperation, treatment, and vaccine development.
Donations by other Chinese firms and multinational companies of the world
Companies and tech giants of China, such as Baidu, Tencent, and Byte Dance run by Robin Li, Ma Huateng, and Zhang Timing, have contributed 800 million yuan ($115 million) for researching and developing new treatments and also for helping the authorities in the affected areas. Smartphone developer Huawei has contributed to the development of Huoshenshan hospital in Wuhan city.
Funds are also contributed to other countries of the world. The third-richest person in the world, Bernard Arnault and Francois Pinault has donated $2.3 million and $1 million, respectively. Large multinationals such as Microsoft, Dell, Loreal, and Carbill have contributed 10 million yuan ($1.4 million). Apple CEO Tim Cook tweeted that Apple will be donating to groups on the ground helping support all of those affected.