After arrest of media mogul Jimmy Lai, supporters flock to buy Apple Daily and company shares soar
SCMP, 11 Aug 2020
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Hongkongers came out en masse to buy the local Chinese newspaper Apple Daily the day after its founder, media mogul Jimmy Lai Chee-ying, was arrested under the city’s new national security law. Apple Daily parent company Next Digital’s shares shot up by as much as 344 per cent with a turnover of HK$393 million (US$50.7million) on the afternoon of his arrest on August 10, 2020.
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