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).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Ex-Google engineer convicted of stealing AI secrets for Chinese companies
Elon Musk's SpaceX said to consider merger with Tesla, Bloomberg News reports
Perplexity signs $750 million AI cloud deal with Microsoft, Bloomberg News reports
US mulls tapping Robinhood for 'Trump accounts' for kids, Bloomberg News reports
Exclusive-Pentagon clashes with Anthropic over military AI use, sources say
Amazon in talks to invest as much as $50 billion in OpenAI, source says
Microsoft plunges, Meta rallies as investors demand AI payoffs
Exclusive-Musk's SpaceX in merger talks with xAI ahead of planned IPO, source says
Crypto bill advances in US Senate but faces obstacles
Analysis-Is chip giant ASML about to hit a ceiling, or break through it?

Others Also Read