Readers Take A Shine To Hong Kong's Apple Daily

Hong Kong entrepreneur Jimmy Lai knew he was asking for trouble by starting a newspaper this summer. Lai had already angered Beijing after publishing an article blasting Chinese Premier Li Peng in Next magazine, Lai's top-selling weekly (BW--Dec. 5, 1994). Wary of offending China, investors developed cold feet and banks declined to lend him startup funds. Lai committed $100 million of his own fortune to put his new Apple Daily on the streets.

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