BEIJING: Chinese billionaire Jack Ma plans to donate US$20 million to fund a scholarship at an Australian university to honour a late friend from Newcastle, New South Wales. The University of Newcastle announced the establishment of the scholarship on Friday, funded by Alibaba founder and executive chairman, Jack Ma, through the Jack Ma Foundation. Jack ma with Morley family. Jack Ma performs martial arts on a visit to China in the 1980s. “To honour the experience and the special relationship I formed with the Morley family, the Jack Ma Foundation is delighted to announce The Ma and Morley Scholarship Programme that will inspire, educate and cultivate tomorrow’s leaders.

Source: The Star February 04, 2017 10:07 UTC