Yesterday evening, the Jack Ma Foundation issued a post in response to questions from netizens about the source of funds for their donated materials.
According to the article, since the outbreak of the new coronavirus, all the funds of the Jack Ma Foundation for domestic and foreign anti-epidemic projects in more than 140 countries have come from Jack Ma's personal donations without any social fundraising funds.
Since Jack Ma donated to Japan for the first time since March 2, so far, he has donated nearly 20 million masks, about 2.5 million kits, and included protective clothing, protective masks and breathing to many countries around the world and other medical supplies.
At the beginning of the outbreak, Jack Ma and Alibaba, Jack Ma Foundation, and Alibaba Foundation donated up to 1.1 billion yuan to help fight the epidemic and fund scientists to carry out scientific research.
Jack Ma Foundation was established in 2014 and is a non-profit foundation that Jack Ma personally provides all funds.
The foundation currently focuses on education, entrepreneurship, female leadership and environmental protection.
As of now, Jack Ma Foundation has not accepted any third-party donations.
The following is the full response from Jack Ma Foundation:
Regarding the source of funds for the foundation, we want to talk about it here. Recently, people have been asking about the source of funds for the Jack Ma Foundation and Alibaba Foundation. First of all, thank you for your interest in public welfare, and thank you for your direct comments.
We have officially stated that since the outbreak, all the funds of the Jack Ma Foundation for anti-epidemic public welfare undertakings in more than 140 countries at home and abroad have all come from Mr. Jack Ma's personal donation. There is no social fundraising fund for a penny.
Jack Ma Foundation was established in 2014 and is a non-profit foundation that Jack Ma personally provides all funds. The foundation currently focuses on education, entrepreneurship, female leadership and environmental protection. As of now, Jack Ma Foundation has not accepted any third-party donations.
In order to make the public welfare more transparent and arouse more people's participation, all the donations of the Jack Ma Foundation will be disclosed to the society. Therefore, the Jack Ma Foundation has published all the funds to the society on the official website for five years and welcomes everyone's criticism and supervision.
The Alibaba Foundation also officially stated that in 2010 the Alibaba Board of Directors decided to use three thousandths of the Group's turnover each year for public welfare.
In 2011, the Alibaba Foundation was officially established. In the past 10 years, all public benefit funds of the Alibaba Foundation have come from this place, and no third-party donations have been accepted, and the donated funds of platform customers have not been involved.
Thank you again for your attention and support for the Jack Ma Foundation and Alibaba Foundation, let us join the public welfare together!
