Chinese firms rush to pledge millions in fire rescue as Hong Kong fire death toll climbs to 55 [CNBC]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: CNBC
Chinese President Xi Jinping called for all-out efforts to reduce casualties, urging relevant authorities and parties to provide “necessary support.” The blaze, tied to unsafe construction materials, has raised questions over building practices. In this article Firefighters walk near residential buildings that continue to burn at Wang Fuk Court in the Tai Po district on Nov. 27, 2025 in Hong Kong, China. Isaac Lawrence | Getty Images News | Getty Images Chinese private firms pledged tens of millions of dollars to support rescue and relief efforts after a deadly residential fire in Hong Kong killed at least 55 people and left hundreds missing. Alibaba Group and its affiliate Ant Group together committed 30 million Hong Kong dollars to support fire relief efforts. Alibaba founder Jack Ma, one of the most recognizable Chinese entrepreneurs, also pledged $30 million through his charity foundation to provide emergency aid to those affected. Sportswear maker Anta , which owns
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