Crypto community donates 37 million yuan to aid in Tai Po fire relief efforts.

Compiled by: Jinse Finance

On the afternoon of November 26, 2025, Hong Kong time, a serious fire broke out in Hung Fuk Court, Tai Po, New Territories. The fire quickly escalated to a level 5 fire alarm, affecting multiple residential buildings. According to official reports, there have been a large number of casualties, making it one of the worst residential fires in Hong Kong in recent decades.

The disaster has touched the hearts of the entire nation. The crypto industry was among the first to respond and provide assistance. Many leading institutions and industry leaders immediately mobilized their resources, becoming one of the first industries to make large-scale donations, demonstrating their sense of responsibility through concrete actions. Large enterprises and charitable organizations from mainland China and Hong Kong followed suit, with donations from all sectors continuing to converge, building a solid support system for the rescue and reconstruction efforts of our compatriots affected by the disaster.

The crypto industry rushed to provide aid. Following the fire, numerous organizations and practitioners in the crypto industry quickly announced donation plans, demonstrating a strong mobilization capacity and enthusiasm for public welfare. The publicly disclosed donation details are as follows: Binance: HKD 10 million donated. HashKey Group: HKD 10 million donated. Avenir Group and its charitable foundation: HKD 10 million donated. OSL Group management and shareholders will donate HKD 3 million in their personal capacity. KuCoin (through Tongren Foundation): HKD 2 million donated. Nano Labs founder... Jack Kong, BitMart founder Sheldon, and ME Group CEO Jessica Yang jointly donated HK$1 million (in cryptocurrency). Xinhuo Technology CEO Weng Xiaoqi (personal + company): donated HK$1 million. Currently, confirmed donations from the cryptocurrency community exceed HK$37 million, with more industry donations still being tallied and announced. Large mainland and Hong Kong enterprises join the effort. The rapid response from the crypto industry has sparked a wave of charitable donations, with numerous large enterprises and foundations from mainland China and Hong Kong generously contributing to the resettlement, medical assistance, and post-disaster reconstruction of affected residents. The publicly disclosed donation details include: Hong Kong Jockey Club: HK$100 million in emergency aid; Hong Kong Community Chest: HK$50 million allocated for immediate relief; Jack Ma Foundation, Alibaba Group, and Ant Group: a total donation of HK$30 million; Li Ka Shing Foundation: HK$30 million; Tencent Foundation, Xiaomi Foundation, and BYD Group: HK$10 million each; XPeng Motors: HK$5 million. Comprehensive statistics show that the total amount of public donations from all sectors of society has exceeded HK$200 million and continues to rise. The Hong Kong SAR Government has activated its emergency disaster relief mechanism, establishing a relief and resettlement hotline and financial assistance channels. Many charitable organizations and local community groups have also launched fundraising and support campaigns to provide temporary accommodation, living supplies, and psychological assistance to affected families. We urge more social forces to continue to pay attention to the disaster situation. Whether it's donating money and supplies, volunteering, or promoting formal donation channels, all will bring warmth and hope to our compatriots affected by the disaster. We hope the media and the public will maintain rational attention, focusing not only on the current disaster relief efforts but also on the subsequent resettlement, psychological support, and community reconstruction of affected residents.

Conclusion

With the continued investment from the crypto industry, traditional businesses, and all sectors of society, the rescue and resettlement work following the Hung Fook Yuen fire is progressing steadily. Every donation and every act of volunteer service is injecting momentum into post-disaster reconstruction.

May the departed rest in peace, and may the injured recover soon. May all sectors of society join hands to provide more support to the affected families, and may Hong Kong restore peace and order as soon as possible.