HK tycoon Jimmy Lai's Next Digital to stop operating from July 1 -memo

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Hong Kong media group Next Digital, owned by jailed tycoon Jimmy Lai, will cease operating from 1 July.

Staff light their phone flashlights at Apple Daily newspaper, Hong KongHONG KONG -Hong Kong media group Next Digital, owned by jailed tycoon Jimmy Lai, will cease operating from July 1 after the company's assets were frozen as part of a national security investigation, according to an internal memo seen by Reuters.

Critics say it has been used to crush dissent, while its supporters said it has restored order in Hong Kong after months of pro-democracy protests. The Hong Kong Security Bureau, which directed the asset freeze, did not immediately respond to a request for comment.

 

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