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Hong Kong Government Seeks to Seize Millions from Jailed Activist Jimmy Lai

Hong Kong Government Seeks to Seize Millions from Jailed Activist Jimmy Lai

The Hong Kong government is pursuing the confiscation of over 127 million Hong Kong dollars (approximately $16 million) in funds and corporate shares linked to jailed former media tycoon Jimmy Lai. According to a court document, the government claims these assets are connected to crimes committed by Lai, who was convicted of conspiracy to collude with foreign forces and publishing seditious articles. Lai, a vocal critic of China's Communist Party and founder of the now-defunct Apple Daily, received a 20-year prison sentence under a national security law imposed by Beijing. The government argues that the case is unrelated to press freedom, asserting that the defendants used journalism as a cover for activities harmful to China and Hong Kong. The Department of Justice is seeking a court order to seize money from 15 bank accounts and shares in various companies, including Next Digital, the parent company of Apple Daily.

Chinese crypto tycoon eyes Hong Kong capital with bitcoin asset management push

Chinese crypto tycoon eyes Hong Kong capital with bitcoin asset management push

By Summer Zhen HONG KONG, April 22 (Reuters) - Chinese crypto tycoon Li Lin plans to move a trading system and team from his family office to Hong Kong-listed Bitfire Group, where he is the largest shareholder, in an effort to tap into demand for digital assets among investors and institutions.

BHP Resolves Dispute with China, Iron Ore Prices Rise Amid Pre-Holiday Demand

BHP Resolves Dispute with China, Iron Ore Prices Rise Amid Pre-Holiday Demand

BHP Resolves Dispute with China, Iron Ore Prices Rise Amid Pre-Holiday Demand

Tesla reports surprise positive free cash flow in the first quarter

Tesla reports surprise positive free cash flow in the first quarter

April 22 (Reuters) - Tesla reported a surprise positive free cash flow in the first quarter on Wednesday, defying expectations for cash burn as the electric-vehicle maker is yet to ramp up spending on artificial intelligence and manufacturing capacity.

A look at China's behind-the-scenes role in Iran war diplomacy

A look at China's behind-the-scenes role in Iran war diplomacy

China's behind-the-scenes role in efforts to de-escalate the Iran conflict has been gaining attention

Attorneys General Urge Credit Card Companies to Combat Illegal Vape Sales

Attorneys General Urge Credit Card Companies to Combat Illegal Vape Sales

A coalition of 13 state attorneys general, led by Iowa Attorney General Brenna Bird, is urging major credit card companies to stop processing transactions related to illegal vape sales. The coalition's letter highlights the significant presence of illicit vaping products, primarily from China, which dominate the U.S. market with over $11 billion in annual sales. The attorneys general are calling on Visa, Mastercard, American Express, and Discover to identify and remove merchants involved in these transactions, drawing parallels to past efforts that led to the enactment of the PACT Act.

Zai Lab to Announce Q1 2026 Financial Results and Corporate Updates

Zai Lab to Announce Q1 2026 Financial Results and Corporate Updates

Zai Lab to Announce Q1 2026 Financial Results and Corporate Updates

Hong Kong government seeks to seize millions from jailed activist Jimmy Lai

Hong Kong government seeks to seize millions from jailed activist Jimmy Lai

The Hong Kong government is seeking to forfeit funds and corporate shares linked to the crimes of jailed former media tycoon Jimmy Lai

Hong Kong Government Moves to Seize Assets from Jailed Activist Jimmy Lai

Hong Kong Government Moves to Seize Assets from Jailed Activist Jimmy Lai

The Hong Kong government is pursuing the confiscation of millions of dollars in funds and corporate shares linked to the crimes of Jimmy Lai, a former media tycoon and outspoken critic of China's Communist Party. According to a court document, the assets in question are valued at over 127 million Hong Kong dollars (approximately $16 million). Lai, who founded the now-defunct Apple Daily newspaper, was convicted in December of conspiracy to collude with foreign forces and publishing seditious articles, resulting in a 20-year prison sentence. The government claims that the assets are connected to these crimes, although the specific links have not been detailed in the filing. The Department of Justice is seeking to seize money from 15 bank accounts under Lai's name, as well as shares in various companies. This move follows a previous announcement by the government to seek asset forfeitures under a national security law imposed by Beijing.

Hong Kong government seeks to seize $16 million from jailed tycoon Jimmy Lai

Hong Kong government seeks to seize $16 million from jailed tycoon Jimmy Lai

By Jessie Pang and Greg Torode HONG KONG, April 21 (Reuters) - The Hong Kong government is attempting to seize more than HK$127 million ($16.22 million) from jailed media tycoon Jimmy Lai after the city's biggest national security case, according to a court document released on Tuesday.

China targets 100 trillion yuan services sector by 2030 in upgrade push

China targets 100 trillion yuan services sector by 2030 in upgrade push

BEIJING, April 21 (Reuters) - China has unveiled plans to expand its services sector to 100 trillion yuan ($14.67 trillion) by 2030 and upgrade service quality, as it seeks to boost the sector’s role in job creation and consumption.

Victory Giant Technology's Hong Kong Debut Sees Surge Amid AI Component Demand

Victory Giant Technology's Hong Kong Debut Sees Surge Amid AI Component Demand

Victory Giant Technology's Hong Kong Debut Sees Surge Amid AI Component Demand