Lai used his fortune to bankroll Hong Kong's pro-democracy movement while his tabloid newspaper, Apple Daily, backed liberal causes and never shied away from criticizingLai used his fortune to bankroll Hong Kong's pro-democracy movement while his tabloid newspaper, Apple Daily, backed liberal causes and never shied away from criticizing

Jimmy Lai, Hong Kong tycoon and democratic firebrand who stood up to China

2025/12/15 13:30

HONG KONG – Jimmy Lai, the Hong Kong media mogul and China critic, was found guilty on Monday, December 15, on two counts of conspiracy to collude with foreign forces and one count of sedition under a China-imposed national security law that could see him jailed for life.

The verdict is the latest milestone for a self-made millionaire who refused to be silent after Beijing’s crackdown in the wake of Hong Kong’s 2019 mass protests and continued to warn against the risks of authoritarianism at home and abroad.

Known for his stocky boxer’s build, punchy speech and uncompromising nature, Lai used his fortune to bankroll Hong Kong’s pro-democracy movement while his tabloid newspaper, Apple Daily, backed liberal causes and never shied away from criticizing authorities until it was shut down in 2021 after police raids.

Those raids came after Beijing imposed a national security law in Hong Kong and arrested Lai soon afterward, charging him with collusion with foreign forces and sedition.

Speaking before his arrest, Lai told Reuters he would “fight on til the last day.”

Lai, 78, has been in custody for more than five years, much of it in solitary confinement, and his health has suffered.

A devout Catholic, Lai has been held in a cell with a small window facing onto a corridor, according to his family. Those close to him say his faith has helped steel his fight in court and against the Chinese Communist Party.

Cardinal Joseph Zen, 93, a prominent pro-democracy advocate and leading Catholic cleric, used to visit Lai in jail.

Lai’s rags-to-riches-to-defiance story is emblematic of Hong Kong — a former British colony returned to Chinese rule in 1997 — that has long prided itself on its grit and enterprise, but whose enthusiasm for Western liberal values ultimately proved too much for Beijing.

Early years

A scrappy youth who eked out a living on the streets of Guangzhou in southern China, Lai fled in 1961 to Hong Kong in the hold of a fishing boat. That penniless teenager went on to run his own factory and build the thriving Asian clothing chain Giordano.

The June 1989 killings of pro-democracy protesters by People’s Liberation Army tanks and troops in and around Beijing’s Tiananmen Square marked a watershed, pushing Lai increasingly towards activism and journalism.

He founded a weekly, Next Magazine, in 1990, and after Giordano stores in mainland China were blacklisted in the mid-90s over his activism, Lai sold the business and used the proceeds to launch Apple Daily in 1995.

The feisty tabloid mixed stories about crime with sex scandals, horse racing tips and investigations of Hong Kong and China’s elite to become an instant success.

Lai penned a column that called Li Peng, China’s premier at the time and among those blamed for Tiananmen, the “son of a turtle’s egg,” a highly offensive term. He later called China’s current leader Xi Jinping a “dictator.”

“The more information you have, the more you’re in the know. The more you are free,” Lai said in court.

After taking control of Hong Kong, Beijing promised wide-ranging freedoms and a high degree of autonomy under a “one country, two systems” model of governance. But critics, including Lai, say the ongoing national security crackdown has eroded those pledges.

In 2014, during the “Umbrella Movement” when highways were occupied by protesters for 79 days in a push for full democracy, Lai was among those arrested, although he avoided a jail term.

But in 2019, when millions demonstrated against China’s tightening grip on Hong Kong, state media called him a “force of evil, not a hero for democracy.”

Lai said at the time: “We have to be flexible and innovative and patient — but persist.”

Judge rebukes Lai for saying he’s a ‘political prisoner’

Once listed among Forbes’ 40 wealthiest Hong Kong people with a fortune of HK$1.2 billion ($154 million) in 2008, Lai had his assets and shares in media company Next Digital frozen in 2021, choking off cash flow and leading to its eventual closure.

During his trial, Lai repeatedly referred to himself as a “political prisoner.” This drew a rebuke from one of the judges, who said Lai was in court to face a criminal charge. Lai said he had the right to disagree.

While Lai said his fight for democracy was unlikely to end well for himself, he called the sacrifice an “honor.”

His family, including six children from two marriages, has supported him throughout.

His wife, Teresa, has attended more than 100 days of court hearings. In October, she was photographed with one of the couple’s daughters meeting Pope Leo in St. Peter’s Square in Rome wearing formal black attire as concerns grew about Lai’s health.

“Our father was strong going in, mentally he still is, but physically he is significantly weaker now,” the daughter, Claire, told Reuters. Her father suffered from back and waist pains, diabetes, heart palpitations and blood pressure that was “significantly higher” than a year ago, she said.

“Going to court itself and long trials are hard already, but he was grilled and attacked by both the judges and the prosecution,” Claire added. “All they proved, however, was that my father is a man who loves God, loves truth, loves freedom and loves his family.” – Rappler.com

($1 = 7.7815 Hong Kong dollars)

Market Opportunity
LayerAI Logo
LayerAI Price(LAI)
$0.000136
$0.000136$0.000136
+0.07%
USD
LayerAI (LAI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Unexpected Developments Shake the Financial Sphere

Unexpected Developments Shake the Financial Sphere

The post Unexpected Developments Shake the Financial Sphere appeared on BitcoinEthereumNews.com. Japan’s recent move to hike its interest rate to 0.75 ahead of
Share
BitcoinEthereumNews2025/12/19 22:07
Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued

Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued

The post Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued appeared on BitcoinEthereumNews.com. American-based rock band Foreigner performs onstage at the Rosemont Horizon, Rosemont, Illinois, November 8, 1981. Pictured are, from left, Mick Jones, on guitar, and vocalist Lou Gramm. (Photo by Paul Natkin/Getty Images) Getty Images Singer Lou Gramm has a vivid memory of recording the ballad “Waiting for a Girl Like You” at New York City’s Electric Lady Studio for his band Foreigner more than 40 years ago. Gramm was adding his vocals for the track in the control room on the other side of the glass when he noticed a beautiful woman walking through the door. “She sits on the sofa in front of the board,” he says. “She looked at me while I was singing. And every now and then, she had a little smile on her face. I’m not sure what that was, but it was driving me crazy. “And at the end of the song, when I’m singing the ad-libs and stuff like that, she gets up,” he continues. “She gives me a little smile and walks out of the room. And when the song ended, I would look up every now and then to see where Mick [Jones] and Mutt [Lange] were, and they were pushing buttons and turning knobs. They were not aware that she was even in the room. So when the song ended, I said, ‘Guys, who was that woman who walked in? She was beautiful.’ And they looked at each other, and they went, ‘What are you talking about? We didn’t see anything.’ But you know what? I think they put her up to it. Doesn’t that sound more like them?” “Waiting for a Girl Like You” became a massive hit in 1981 for Foreigner off their album 4, which peaked at number one on the Billboard chart for 10 weeks and…
Share
BitcoinEthereumNews2025/09/18 01:26
Adoption Leads Traders to Snorter Token

Adoption Leads Traders to Snorter Token

The post Adoption Leads Traders to Snorter Token appeared on BitcoinEthereumNews.com. Largest Bank in Spain Launches Crypto Service: Adoption Leads Traders to Snorter Token Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Leah is a British journalist with a BA in Journalism, Media, and Communications and nearly a decade of content writing experience. Over the last four years, her focus has primarily been on Web3 technologies, driven by her genuine enthusiasm for decentralization and the latest technological advancements. She has contributed to leading crypto and NFT publications – Cointelegraph, Coinbound, Crypto News, NFT Plazas, Bitcolumnist, Techreport, and NFT Lately – which has elevated her to a senior role in crypto journalism. Whether crafting breaking news or in-depth reviews, she strives to engage her readers with the latest insights and information. Her articles often span the hottest cryptos, exchanges, and evolving regulations. As part of her ploy to attract crypto newbies into Web3, she explains even the most complex topics in an easily understandable and engaging way. Further underscoring her dynamic journalism background, she has written for various sectors, including software testing (TEST Magazine), travel (Travel Off Path), and music (Mixmag). When she’s not deep into a crypto rabbit hole, she’s probably island-hopping (with the Galapagos and Hainan being her go-to’s). Or perhaps sketching chalk pencil drawings while listening to the Pixies, her all-time favorite band. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/banco-santander-and-snorter-token-crypto-services/
Share
BitcoinEthereumNews2025/09/17 23:45