Apple Daily Is Running Low on Funds to Print Hong Kong Newspaper
- Authorities arrested top editors, froze company assets
- Paper now looking at court relief as well as digital donations
This article is for subscribers only.
Hong Kong’s pro-democracy Apple Daily newspaper has enough cash on hand to continue operating as normal only for a couple of weeks, according to a person familiar, after authorities used a sweeping national security law to freeze company assets and arrest top editors and executives.
To continue print operations and pay staff, the quarter-century-old tabloid is planning on seeking relief through the courts and is also looking to use its Taiwan operation to manage digital donations through GoFundMe.com and PayPal, said the person, who asked not to be named due to the sensitivity of a police investigation into the company.