Floods in central China: Alibaba, Tencent, ByteDance and Meituan rush to donate to relief efforts


The rush of donations comes as China’s tech companies are under scrutiny for putting profit ahead of social responsibility. Video clips of muddy water washing away cars and people on the streets of Zhengzhou, a city of 10 million, went viral on Chinese social media on Wednesday. — SCMP

China’s largest tech companies, including Alibaba Group Holding and Tencent Holdings, are rushing to announce donations amounting to almost 1bil yuan (US$154mil or RM654.43mil) to flood relief efforts in central Henan province where heavy rains have killed at least 12 in the capital city of Zhengzhou and displaced over 100,000 throughout the province.

Alibaba, the owner of the South China Morning Post, has announced a 100mil yuan (US$15.4mil or RM65.44mil) donation to Henan. Its payment affiliate Ant Group will also donate 100mil yuan (RM65.44mil) while founder Jack Ma’s foundation said it will give 50mil yuan (RM32.72mil).

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

GlobalFoundries forecasts upbeat Q4 results on strong demand from smartphone makers
Emerson sharpens automation focus with offer for rest of AspenTech in $15 billion deal
Data analytics firm Palantir jumps as AI boom powers robust software adoption
Tax fraud investigators search Netflix offices in Paris and Amsterdam, says source
Singapore's Keppel to buy Japanese AI-ready data centre
Tesla increases wages for staff at German gigafactory by 4%
Apple explores push into smart glasses with ‘Atlas’ user study
Japan's Kioxia sees flash memory demand almost tripling by 2028
Hacker gets into woman’s email, changes every password, tries to make purchases
Foxconn says Oct revenue +8.59% y/y, Q4 outlook good

Others Also Read