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<ul><li><keyword id="302749" type="COMPANY" weightage="20" keywordseo="Alibaba">Alibaba</keyword> Chairman <keyword id="424838" type="PERSON" weightage="20" keywordseo="Jack-Ma">Jack Ma</keyword> has been donating <keyword id="1180310" type="ORGANIZATION" weightage="20" keywordseo="medical-supplies">medical supplies</keyword> to countries across the world.</li><li>India was a part of a seven-country batch including Azerbaijan, Bhutan, Kazakhstan, Kyrgyzstan, Uzbekistan and Vietnam.</li><li>These seven countries will receive a total of 1.7 million face masks and 165,000 test kits.</li></ul>Chinese billionaire and Alibaba Chairman Jack Ma has been donating medical supplies to countries around the world, after China learnt its lessons from the deadly <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword>. <br /><br />Now, Ma has finally sent supplies to India. In the last few months, he has sent them to America, Italy, and Asian countries like Afghanistan, Bangladesh, Cambodia, Laos, Maldives, Mongolia, Myanmar, Nepal, Pakistan and Sri Lanka.<br /><br />When Ma had announced his supply to the Asian countries, many questioned why the Chinese billionaire was not sending help to India. <br /><br />However, India was a part of a seven-country batch including Azerbaijan, Bhutan, Kazakhstan, Kyrgyzstan, Uzbekistan and Vietnam. These seven countries will receive a total of 1.7 million face masks, 165,000 test kits as well as protective clothing and medical equipment such as ventilators and forehead thermometer.<br /><br />On Sunday (March 29), the medical supplies were accepted by the Indian Red Cross Society. <br /><br />
	
  <div type="image" title="India_Supplies" msid="74883583" hostid="261" caption="&amp;lt;p&amp;gt;The supplies sent by Alibaba to India&amp;lt;/p&amp;gt;"></div>




<br /><br />“To supplement the efforts of the government, Indian Red Cross has mobilised the first tranche of supplies consisting of facemasks, protective body suits and essential medical equipment. This consignment, which was received last night, has been donated by Jack Ma Foundation and Alibaba Foundation”, said R K Jain, IAS (Rtd), Secretary General, Indian Red Cross.<br /><br />With this, Ma has donated 7.4 million masks; 485,000 test kits; 100,000 sets of protective clothing to 23 Asian countries alone. <br /><br />Ma recently joined Twitter to share with the world his experiences from the Coronavirus crisis which crippled China. He has also published a handbook for hospitals to tackle COVID-19. <br /><br />
	
	<div type="twitter" handle="JackMa" handlename="Jack Ma" image="http://pbs.twimg.com/profile_images/1239337249788985344/kCtYRfmZ_normal.jpg" favoritecount="24679" retweetcount="18869" status="I need your help to share this handbook quickly to hospitals, doctors, nurses and anyone who needs to know around t… https://t.co/5X1K5Kj01L" createdat="1584499093000" id="1240105195318554625"></div>





<br /><br />Jack Ma Foundation, Alibaba Foundation along with the First Affiliated Hospital of Zhejiang University, established the Global MediXchange for Combating COVID-19 (GMCC) programme. Alibaba Cloud Intelligence and Alibaba Health had also supported the programme. <br /><br />See Also:<br /><a href="https://www.businessinsider.in/business/startups/news/alibaba-billionaire-jack-ma-published-a-handbook-for-hospitals-to-tackle-coronavirus/articleshow/74685968.cms">Alibaba billionaire Jack Ma published a handbook for hospitals to tackle Coronavirus</a><br />

Jack Ma finally puts India on his list, donates medical supplies to Indian Red Cross Society

<p class="source"><span>REUTERS/Lucy Nicholson</span></p><p class="caption">Jack Ma, Executive Chairman of Alibaba Group, speaks at the WSJD Live conference in Laguna Beach, California October 27, 2014. </p><ul class="summary-list"><li>On Friday, Jack Ma, the billionaire founder of Chinese e-commerce giant Alibaba, <a href="https://twitter.com/foundation_ma/status/1238317660871393280?s=20">pledged to donate</a> 500,000 testing kits for the novel coronavirus and one million medical face masks to the United States.</li><li>The gift could help alleviate <a href="https://www.businessinsider.com/coronavirus-testing-may-be-limited-by-shortage-of-materials-2020-3">a shortage of testing materials</a> that has contributed to the US <a href="https://www.businessinsider.com/coronavirus-testing-covid-19-tests-per-capita-chart-us-behind-2020-3">falling behind every other developed nation</a> on the number of tests performed per capita.</li><li>Ma previously pledged <a href="https://www.businessinsider.com/billionaires-spending-hundreds-of-millions-on-coronavirus-research-2020-3">over $16 million</a> to support the development of a vaccine for the virus.</li><li>The novel coronavirus has <a href="https://www.businessinsider.com/china-virus-everything-we-know-deadly-2019-ncov-wuhan-spread-2020-1">infected more than 128,000 people and killed nearly 4,700</a> worldwide, including 40 Americans.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul><p>The United States is facing a shortage of testing kits and medical face masks as the coronavirus continues to spread, but Alibaba billionaire Jack Ma has stepped in to help.</p><p>In <a href="https://www.businessinsider.com/billionaires-spending-hundreds-of-millions-on-coronavirus-research-2020-3">a statement</a> released by his charitable foundation Friday, Ma said he worked to collect the scarce medical supplies for weeks. While the statement did not specify where in the United States the tests and masks would go, they could help alleviate <a href="https://www.businessinsider.com/coronavirus-testing-may-be-limited-by-shortage-of-materials-2020-3">a shortage of testing materials</a> that has contributed to the US falling behind other nations on the number of tests performed per capita.</p><p>"Drawing from my own country's experience, speedy and accurate testing and adequate personal protective equipment for medical professionals are most effective in preventing the spread of the virus," Ma said in a <a href="https://twitter.com/foundation_ma/status/1238317660871393280?s=20">statement</a> released by his charitable foundation on Twitter Friday morning. "At this moment, we can not beat the virus until we eliminate boundaries to resources and share our know-how and hard-earned lessons."</p><p>After being first identified in the Chinese city of Wuhan in December, the <a href="https://www.businessinsider.com/china-virus-everything-we-know-deadly-2019-ncov-wuhan-spread-2020-1">novel coronavirus has infected over 128,000 people</a> worldwide and 4,700 people have died, mainly in China. The US has reported at least 1,676 cases and <a href="https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6">confirmed 40 coronavirus deaths</a>: 31 in Washington state, <a href="https://www.businessinsider.com/california-reports-first-coronavirus-death-sacramento-cruise-2020-3">four in California</a>, two in Florida, and one each in New Jersey, Georgia, and South Dakota. Experts say the virus could be even more widespread than the data indicates as the United States has <a href="https://www.businessinsider.com/coronavirus-testing-covid-19-tests-per-capita-chart-us-behind-2020-3">fallen behind every other developed nation</a> on the number of tests performed per capita.</p><p>This is not Ma's first attempt to provide relief. On January 30, the billionaire <a href="https://www.businessinsider.com/billionaires-spending-hundreds-of-millions-on-coronavirus-research-2020-3">pledged 100 million yuan</a> ($14.5 million) to "support the development of a coronavirus vaccine." Ma later donated an additional <a href="https://www.businessinsider.com/billionaires-spending-hundreds-of-millions-on-coronavirus-research-2020-3">$2.15 million</a> to the Peter Doherty Institute for Infection and Immunity in Australia, to help fund the development of a vaccine.</p><p>Ma was crowned Asia's richest man Thursday after one of the largest single-day drops in market history, <a href="https://fortune.com/2020/03/09/stock-market-today-jack-ma/">Fortune</a> reported. The previous title holder, India's Mukesh Ambani, lost over $5 billion in the market tumult while Ma lost only $1.1 billion. Ma built his <a href="https://www.bloomberg.com/billionaires/profiles/jack-y-ma/">$42.7 billion</a> fortune after <a href="https://www.bloomberg.com/billionaires/profiles/jack-y-ma/">founding e-commerce giant Alibaba</a>. He spent two decades as the company's chairman before retiring with an <a href="https://www.businessinsider.com/jack-ma-alibaba-retirement-party-olympic-stadium-2019-9">elaborate 60,000-person celebration</a> held in an Olympic stadium last year.</p><p>"We hope that our donation can help Americans fight against the pandemic!" Ma said in the <a href="https://www.businessinsider.com/billionaires-spending-hundreds-of-millions-on-coronavirus-research-2020-3">statement</a> announcing the donation.</p><p class="tagline">Get the latest Alibaba stock price<a href="http://markets.businessinsider.com/stock/baba-Quote"> here.</a></p>            <h3>NOW WATCH: <a href="https://www.businessinsider.com/disney-parks-disneyland-world-expensive-exclusive-resort-walt-cinderella-2019-4">9 of the most exclusive Disney spots to visit, including the invite-only Cinderella Suite where Tom Cruise and Mariah Carey have stayed</a></h3>

Alibaba billionaire Jack Ma just pledged to donate 500,000 coronavirus tests and 1 million face masks to the US as shortages mount

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Business Insider/Julie Bort</span></p><p class="caption">Waze and FeeX co-founder Uri Levine</p></div><p></p></div></div>This summer, it's raining unicorns - tech startups valued at more than $1 billion - and as a result the Israeli tech scene is going absolutely crazy.</p><p>Business Insider just spent a week in Israel meeting with over a dozen tech companies, and VCs. They all told us:</p><p><strong>Everyone is dreaming of becoming the next unicorn.</strong> Instead of selling their startups for $1 million to $30 million, founders are turning down multi-million acquisition offers wanting to build big companies.</p><p><strong>2015 is a record-breaker for </strong><span style="line-height: 1.5em;"><strong>VC funding.</strong> For the first half in 2015, 342 companies have attracted $2.1 billion, up from 334 companies nabbing $1.6 billion in the first half of 2014.</span></p><p><strong>The private equity bankers have arrived in droves</strong>, including Blackstone, SilverLake, KKR, Apax Partners, TPG, JPMorgan and Morgan Stanley, and they're writing writing huge checks.</p><p><strong>Chinese investors are swarming the country</strong>, joining Israeli VC funds as limited partners as well as doing a lot of huge, direct investments into startups, too.<br /><br style="line-height: 1.5em;" /><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Chris McGrath/Getty Images</span></p></div><p></p></div></div>"If we're going to do $4 billion in venture in 2015, the estimate I heard is that at least $500 million of that will be Chinese money, and that's direct investment not including the LP stuff," Israeli powerhouse VC Jon Medved told Business Insider. <span style="line-height: 1.5em;">"And I think that's probably underestimated." </span></p><p><span style="line-height: 1.5em;">Medved, founder of </span><a href="https://www.ourcrowd.com/">investment startup OurCrowd</a><span style="line-height: 1.5em;"> and is widely known as one of the fathers of Israel's tech startup scene.</span></p><p><span style="line-height: 1.5em;">Chinese investors are "at all the parties" a startup founder told us.</span><br style="line-height: 1.5em;" /><br style="line-height: 1.5em;" /><span style="line-height: 1.5em;">The joke here is that Israeli border control needs to open up a special customs line "just for Chinese investors with bags of money that they can just get in the country for free," Medved quipped.</span></p><p> This hot economy has led to ... </p><ul><li><span style="line-height: 1.5em;">Big well-funded Israeli companies starting to acquire other Israeli companies for big sums of money, too.</span></li><li><span style="line-height: 1.5em;">The first crop of Israeli serial entrepreneurs, such as Avigdor Willens, who sold Annapurna to Amazon earlier this year for a reported $350 to $375 million. Willens sold his first company, Galileo, </span><span style="line-height: 1.5em;">for $2.7 billion in stock back in 2000 to Marvell Technologies.</span></li></ul><h2>It started when Google dropped a billion on Waze</h2><p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Business Insider/Julie Bort</span></p><p class="caption">Israeli flags fly in Jerusalem</p></div><p></p></div></div>When Google bought Waze for $1 billion in 2013, it was a milestone event for the country, says Medved. </p><p>"Billion-dollar companies are now all over the place. Waze was the first and most important," he told us.</p><p> Waze co-founder Uri Levine explained to Business Insider, "This was the first time a billion-dollar app, and a consumer app, came out of Israel," and it set "a new beacon for Israel" telling entrepreneurs to aim higher than a quick exit.</p><p>The next year, Japan's Rakuten (the eBay of Japan) acquired Israeli messaging app Viber for $900 million  and unicorn fever in the country began.</p><p>Over and over, startup founders told us they had no interest in selling their successful companies, some of which were doing millions of dollars in revenue, some of which were doing hundreds of millions in revenue.<span class="Apple-converted-space">  </span>They wanted to grow their companies past $1 billion to many billions.</p><p>"Israel entrepreneurs are obsessed with building unicorns,"<span class="Apple-converted-space">  </span>Hillel Fuld, CMO of Israeli startup Zula told us.</p><h2> Billion dollar startups include …</h2><ul><li><span style="line-height: 1.5em;">Taboola (who raised $117 million in February, $157 million total)</span></li><li>IronSource (who raised $105 million in two rounds from private equity funds run by JPMorgan and Morgan Stanley),</li><li><span style="line-height: 1.5em;">Outbrain (who filed confidential SEC documents for an IPO at a reported $1 billion valuation)</span></li><li><span style="line-height: 1.5em;">Conduit, who said it was the first Israeli internet unicorn, in 2012</span></li></ul><p>There's also a new crop of public tech companies worth $1 billion:</p><ul><li><span style="line-height: 1.5em;">MobileEye: IPO'd in 2014, with $12 billion market cap today</span></li><li><span style="line-height: 1.5em;">CyberArk, also IPO'd in 2014, market cap of about $2 billion</span></li><li><span style="line-height: 1.5em;">Wix, IPO'd in 2013, market cap of about $900 million</span></li><li>And there's some half-unicorns, like Varonis Systems, which IPO'd in 2014 and has a market cap of nearly $600 million, nothing to sneeze at.</li></ul><h2><span style="line-height: 1.5em;">Asian money everywhere </span></h2><p> "The Asia stuff is very dramatic, very real and very new," says Medved.</p><p>"China is the big story. But Japan for example - there had never been a visit of a Japanese Prime Minister to Israel before. In all the years of Israel's existence, what did they have to come here for? This year, the Japanese Prime Minister shows up for four days, all tech." <br /><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>OurCrowd</span></p><p class="caption">OurCrowd founder, Jon Medved</p></div><p></p></div></div></p><p>Meanwhile, Korea's Samsung Ventures has now made "8 investments here over the last year," says Medved. Plus, "there are now Israeli companies going to list on the Singapore exchange."</p><p>Israel will also be hosting the Indian Prime Minister for the first time. In February, Indian company Infosys (now run by SAP's former US CTO Vishal Sikka) bought Israeli company Panaya for $200 million. India has plans to build an R&amp;D center here. </p><p>Still China overshadows them all. Investment are pouring in  from Baidu, Fosun, Alibaba, Tencent, RenRen and others.</p><p>Famous Chinese angel investor (and billionaire) Li Ka Shing and his Horizon Ventures fund are all over the country.<span class="Apple-converted-space">  </span>Horizon was an early investor in Waze. And he's invested in about 29 Israeli startups, including Waze founder Levine's latest baby, FeeX, (raised $9 million).</p><p>If there's a downside to all of this, its that Israel is starting to experience a severe talent shortage. They are now poaching each other's employees and trying to keep employees from leaving by offering better and better Valley-like perks.</p><p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Business Insider/Julie Bort</span></p><p class="caption">IronSource CEO and co-founder Tomer Bar Zeev and deputy CEO and co-founder Omer Kaplan</p></div><p></p></div></div>IronSource, for example, flies its 550 employees to one exotic offsite meeting every year. The whole company just got back from Greece.  </p><p>"Once a year, we party," CEO Tomer Bar Zeev told us. "That builds culture.  It's one of the best investments we can make, investing in the company."</p><p class="p2">If that fails, Chinese billionaire <span>Li Ka Shing has an answer. He</span> also donated $130 million to Israel's Technion, the Israeli Institute of Technology (like the MIT of Israel), one of the largest ever donations received by an Israeli university.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/israeli-firm-solar-power-energy-business-invention-2014-9">An Israeli Company Just Solved Solar Energy's Single Most Mystifying Problem</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="1jbHlvcDqSkVm1c2NvsGYgno10q1fVAD" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

You Searched For "alibaba donates to India" and got 3 results

Jack Ma finally puts India on his list, donates medical supplies to Indian Red Cross Society

Sanchita Dash

Alibaba billionaire Jack Ma just pledged to donate 500,000 coronavirus tests and 1 million face masks to the US as shortages mount

Taylor Nicole Rogers

The startup scene in Israel is going bonkers, and the Chinese are swooping in

Julie Bort

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