Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Alibaba, Jack Ma send Russia medical equipment to fight virus outbreak

Published 03/25/2020, 07:27 AM
Updated 03/25/2020, 07:30 AM
© Reuters. Alibaba Group co-founder and Executive Chairman Ma speaks at The Prime Minister's Israeli Innovation Summit in Tel Aviv

MOSCOW (Reuters) - The foundations of Chinese e-commerce giant Alibaba (NYSE:BABA) and its co-founder Jack Ma said on Wednesday they had sent medical equipment, including masks and coronavirus tests, to Russia to help it fight an outbreak.

Russia has so far reported 658 confirmed coronavirus cases and canceled many flights to and from the country. One person who tested positive for coronavirus has died.

The Alibaba Foundation and the Jack Ma Foundation said in a joint statement they had sent coronavirus tests, medical masks and other protective equipment to Russia on a charter flight from China. They did not say how much equipment had been sent.

Russia earlier this month suspended its exports of surgical masks and medical gear, including bandages and one-use chemical protection suits, as part of its efforts to prevent the virus from spreading further.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.