In this photo taken on June 16, 2020, Hong kong pro-democracy media mogul Jimmy Lai, 72, poses during an interview with AFP at the Next Digital offices in Hong Kong. Lai was arrested under a new national security law on August 10. — AFP pic
Jimmy Lai, one of the city’s most vocal Beijing critics, and leading executives were arrested in the morning for alleged fraud and colluding with foreign forces — a newly created national security crime. Lai owns the Apple Daily newspaper and Next Magazine, two outlets unapologetically pro-democracy and critical of Beijing.The company’s share price initially tumbled almost 17 per cent but soon rocketed 344 per cent to HK$0.40, its highest since June last year. It ended 183 per cent higher at HK$0.255.
“The last mainstream media that has been striving to oppose the Communist Party can be over any time,” wrote HenryPorterBabel, a Facebook page with more than 39,000 followers, adding it was buying 300,000 shares.
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