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Hong Kong media group soar again, up 788% since owner’s arrest

August 11, 2020

Shares in the parent company of a Hong Kong pro-democracy newspaper have skyrocketed nine-fold since its owner was arrested, after enjoying another blockbuster surge Tuesday as activists threw their support behind him.

Next Digital, the media group owned by tycoon Jimmy Lai and which runs the tabloid Apple Daily, rose 214 percent to HK$0.80 in the morning on Tuesday — meaning it has risen 788 percent since trading began on Monday at HK$0.09. Lai was arrested on Monday and led in handcuffs through his newspaper office, as part of a sweeping crackdown on dissent since China imposed a security law on the city.

Dispatches from AFP concerning freedom of information, censorship and news coverage in regions where independent media is under threat.