Billionaires and multinationals in China, the U.S. and elsewhere are donating millions to help China authorities fight back against the outbreak.
Bill Gates’ Bill and Melinda Gates Foundation announced on Sunday it would commit $10 million to aid first responders in China and Africa, including $5 million for international cooperation, treatment and vaccine development.
Apple CEO Tim Cook has tweeted that the iPhone maker will contribute to efforts on the ground.
“As people in China and around the world celebrate the Lunar New Year, we send our love and support to the many impacted by the Coronavirus,” Cook wrote. “Apple will be donating to groups on the ground helping support all of those affected.”
Alibaba founder Jack Ma pledged $14 million to efforts to develop a coronavirus vaccine through his Jack Ma Foundation. Last Saturday, Alibaba announced on launch a $144 million fund for the purchase of medicines needed in Wuhan city, the ground zero of the coronavirus outbreak.
The ongoing outbreak hit global markets and caused travel and casino stocks to plunge earlier this week. According to the latest figures released by the World Health Organization on Wednesday, there have been almost 6,000 confirmed cases in China out of 6,065 globally.