FRANCHISE HERALD
Thursday April 27, 2017

updated - April 27, 2017 Thursday EDT

Alibaba founder Jack Ma Donates $26m to University of Newcastle

Feb 03, 2017 10:34 AM EST
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Alibaba founder Jack Ma Donates $26m to University of Newcastle
Alibaba founder Jack Ma Donates  $26m to University of Newcastle
Alibaba founder Jack Ma Donates $26m to University of Newcastle(Photo : creative common)

Chinese businessman Jack Ma returned to the NSW city of Newcastle on Friday and gave the university $US20 million as a tribute to a local man, Ken Morley, who helped him on his journey from penniless youth to e-commerce tycoon worth $US28 billion.

The money will fund a scholarship scheme to remember Mr Morley, a Newcastle electrical engineer who met the 15-year-old Mr Ma in Hangzhou while on trip to China in 1980 and became his friend, teacher and mentor.

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