Popular News From Popular Sites: Hong Kong media mogul unbowed by raid as democracy battle boils

Friday, August 29, 2014

Hong Kong media mogul unbowed by raid as democracy battle boils

A poster mocking Next Media Chairman Lai is displayed at Hong Kong's financial Central district By James Pomfret and Greg Torode HONG KONG (Reuters) - Hong Kong's most powerful critic of Beijing, a brash media tycoon whose home was raided by anti-corruption officers, said on Friday he won't be cowed by efforts to silence him ahead of a crunch decision this weekend on the city's political future. Jimmy Lai, 65, a self-made millionaire smuggled into Hong Kong by boat as a child, has become one of the most influential magnates in greater China, standing up to an increasingly assertive China and pumping millions of his own money into a movement seeking democracy for the former British colony. His role as the main financial patron of the pro-democracy movement since the territory's 1997 handover to Communist Party rulers in China has come under growing scrutiny. Lai stood by on Thursday as his home in an affluent avenue in Hong Kong's Kowloon district was raided, a move some observers said was part of an intensifying campaign to smother pro-democracy forces seeking universal suffrage.




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