CHINA-HONGKONG: PROMINENT PRO-DEMOCRACY ACTIVIST ARRESTED IN HONGKONG

Prominent pro-democracy activist Agnes Chow was arrested on the charge of 'inciting secession' under the National Security Law on August 10 morning. Jimmy Lai, the owner of the Apple Daily who was also arrested on August 10 morning, was however released on bail of HK$300,000 (US$38,708), along with a HK$200,000 surety, on August 11 following the Apple Daily's declaration on its front page: “Apple Daily will fight on.” Popular support was evident when large numbers of Hongkongers purchased the Apple Daily compelling the newspaper to raise the number of copies printed from the usual 70,000 copies to eventually 550,000.  

(Comment: The stock price of Next Digital Ltd., which publishes the Apple Daily, surged after Jimmy Lai’s arrest to its highest level in more than seven years, up 1,150% this week. The company’s market capitalization now stands at around 2.9 billion Hong Kong dollars ($374 million), larger than USA Today owner Gannett Co. ’s $241.26 million.)







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