August 10, 2020

Hong Kong media giant soars 344% as Lai arrest spurs activists

Hong Kong (AFP) – Shares in a Hong Kong media group critical of Beijing soared more than 300 percent on Monday as democracy activists hit social media urging investors to support the media company after its owner was arrested under the city’s new security law.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.Some 200 police officers then raided Next Digital’s offices, bringing a handcuffed Lai along with them, in images that were broadcast li…


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