Defying China, Hong Kongers rush to buy pro-democracy newspaper

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Founder's arrest sparks a buying spree of his media group shares, and its stock value rises by nearly 1,000%. FMTNews

People line up to buy copies of Apple Daily in Hong Kong today after Jimmy Lai’s arrest.

In one of the most dramatic days of the crackdown, media tycoon Jimmy Lai was among 10 people detained under the new law on Monday as around 200 police officers searched the newsroom of his tabloid, which is unapologetically critical of Beijing. The newspaper’s front page showed a picture of Lai being led away in handcuffs with a headline — in typical lurid red characters — that said “Apple will fight on”.

Lai’s arrest sparked a buying spree in shares of his media group, and its stock value rose by nearly 1,000% on Tuesday from Monday morning.Hong Kong’s new national security law criminalises secession, subversion, terrorism and colluding with foreign forces.

 

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