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

China’s largest tech companies, including Alibaba Group Holding and Tencent Holdings, are rushing to announce donations amounting to almost 1 billion yuan (US$154 million) 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 100 million yuan (US$15.4 million) donation to Henan. Its payment affiliate Ant…

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