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Apple increases donation to China amid coronavirus crisis – Reuters

Apple Inc. increased its donation to China to more than 50 million Chinese yuan to support the country's attempts at dealing with coronavirus, Reuters reported April 1, citing a post by CEO Tim Cook on Weibo Corp.'s social platform.

The company donated 20 million yuan of the pledged amount so far via China Foundation for Poverty Alleviation to assist six hospitals in China's Hubei province, Cook reportedly said.

The remainder of the pledged amount is meant to support efforts toward longer-term public health recovery, the report noted.

Apple, whose retail stores outside of Greater China remain shut due to the coronavirus crisis, donated 10 million masks for healthcare workers across the U.S. and Europe, according to a March 25 tweet by Cook.

As of March 31, US$1 was equivalent to 7.08 Chinese yuan.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.