ANL 28.17 Decreased By ▼ -0.63 (-2.19%)
ASC 16.76 Increased By ▲ 0.28 (1.7%)
ASL 23.95 Increased By ▲ 0.46 (1.96%)
AVN 91.66 Decreased By ▼ -0.16 (-0.17%)
BOP 9.71 Decreased By ▼ -0.11 (-1.12%)
BYCO 9.93 Decreased By ▼ -0.28 (-2.74%)
DGKC 113.50 Decreased By ▼ -0.70 (-0.61%)
EPCL 48.84 Decreased By ▼ -0.77 (-1.55%)
FCCL 21.66 Increased By ▲ 0.31 (1.45%)
FFBL 27.70 Increased By ▲ 1.21 (4.57%)
FFL 17.99 Decreased By ▼ -0.30 (-1.64%)
HASCOL 14.82 Decreased By ▼ -0.16 (-1.07%)
HUBC 86.45 Increased By ▲ 1.05 (1.23%)
HUMNL 7.35 Increased By ▲ 0.02 (0.27%)
JSCL 29.60 Decreased By ▼ -0.25 (-0.84%)
KAPCO 38.31 Decreased By ▼ -0.19 (-0.49%)
KEL 4.24 Decreased By ▼ -0.06 (-1.4%)
LOTCHEM 15.96 Decreased By ▼ -0.27 (-1.66%)
MLCF 43.55 Decreased By ▼ -0.52 (-1.18%)
PAEL 40.60 Decreased By ▼ -0.50 (-1.22%)
PIBTL 13.00 Decreased By ▼ -0.12 (-0.91%)
POWER 11.78 Increased By ▲ 0.67 (6.03%)
PPL 97.45 Decreased By ▼ -0.65 (-0.66%)
PRL 25.48 Decreased By ▼ -0.32 (-1.24%)
PTC 9.78 Decreased By ▼ -0.13 (-1.31%)
SILK 1.21 Decreased By ▼ -0.02 (-1.63%)
SNGP 46.49 Decreased By ▼ -0.30 (-0.64%)
TRG 97.38 Increased By ▲ 2.18 (2.29%)
UNITY 31.58 Decreased By ▼ -0.62 (-1.93%)
WTL 1.18 No Change ▼ 0.00 (0%)
BR100 4,856 Decreased By ▼ -11.74 (-0.24%)
BR30 24,507 Decreased By ▼ -1.43 (-0.01%)
KSE100 45,931 Decreased By ▼ -58.35 (-0.13%)
KSE30 19,110 Decreased By ▼ -68.04 (-0.35%)

SHANGHAI: Alibaba's founder Jack Ma and the e-commerce giant's digital payments arm Alipay will contribute to a $145 million donation for Chinese women's football, it was announced Friday, who despite underfunding routinely outperform the men's national team.

The one billion yuan ($145 million) donation will be spread over the coming decade.

It will contribute to "injury prevention and treatment, the career development of retired footballers, technical development and coach education, and youth development," a joint statement said.

China made the Women's World Cup -- now under way in France -- for the seventh time in eight editions, and boasts a record that the men's team can only envy.

But the women's side does more with far less support, and professional women's football in China gets little notice and plays to meagre attendances.

The team put in a respectable showing in France, going out in the round of 16.

But they have slipped below the world's best since reaching the 1999 final against the powerhouse Americans, where China lost on penalties, and insiders worry they will slide further without more backing.

The Alipay Foundation, charitable organisation of Alibaba-founded payments app Alipay will fund "the bulk" of the initiative, Friday's announcement said.

The rest comes from separate foundations established by Ma -- China's second richest man -- and Alibaba's executive vice chairman Joseph Tsai.

The three parties aim to make soccer "more sustainable and accessible to girls and women across the nation".

Cai Yong, an executive committee member of the Chinese Football Association, called the gift "unprecedented", according to the statement.

Alibaba is a minority stakeholder in perennial power Guangzhou Evergrande of the men's Chinese Super League.

Copyright AFP (Agence France-Press), 2019