US alternative investment giant Citadel donates $7.5m for coronavirus fight

US alternative investment giant Citadel and its market-making arm Citadel Securities will donate $7.5 million in goods and cash to support relief efforts in Hubei province and assisting families affected by the coronavirus, making it one of the largest donations from multinational companies.

Over $1 million of critical medical supplies have already been procured for Hubei Xinhua Hospital in Wuhan, the hospital which received the first coronavirus patient.

"Our first priority was delivering much-needed supplies requested by local medical professionals and enabling experts to administer aid as effectively as possible. We commend the brave medical personnel dedicated to treating patients and protecting communities," said Peng Zhao, chief executive officer of Citadel Securities.

"Our hearts go out to all impacted by this situation, particularly those in China, which is the native country of many of our colleagues," said Kenneth C. Griffin, founder and chief executive officer of Citadel.