About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Hong Kong’s Apple Daily Newspaper Bids Emotional Farewell” – below is their description.
Hong Kong activists bid farewell to Apple Daily in a dramatic midnight vigil as the city’s biggest pro-democracy newspaper became the latest victim in Beijing’s campaign to silence dissent in the former British colony.
Hundreds of people in Hong Kong queued up at a newspaper stand in Mong Kok, a densely population district in Kowloon, early on Thursday to buy the final edition of the Apple Daily newspaper.
The stand sold out of its 8,800 copies within three hours, with most people buying multiple copies as sales began at 1am local time.
Hong Kong’s sole remaining pro-democracy newspaper published its last edition Thursday after five editors and executives were arrested and millions of dollars in its assets were frozen as part of China’s increasing crackdown on dissent in the semi-autonomous city.
Over its 26 years, the paper owned by now-jailed media tycoon Jimmy Lai unearthed the hidden wealth of high-ranking Chinese Communist Party leaders and exposed the unethical practices of officials in Hong Kong. The newspaper was known for scoops and investigative coverage, and also for its racy reporting on entertainment, crime and celebrity gossip, including sensational paparazzi photos.
China has used a national security law imposed on Hong Kong last year to silence democracy activists and other prominent voices that challenge its rule, generating criticism from the West. Authorities last week arrested Apple Daily’s three top editors and two executives at Next Digital Ltd., which publishes it, with some 500 police officers descending on the company’s offices.Bloomberg Quicktake: Now YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: China
7 Recent Items: China
In This Story: Hong Kong
Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.