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Jimmy Lai’s Flagship Apple Daily to Shut Taiwan Operations

  • Newspaper’s Taiwan unit to run out of funds in December
  • Closure would mark end of pro-democracy Hong Kong media empire
The Apple Daily offices in Taipei

The Apple Daily offices in Taipei

Photographer: Sam Yeh/AFP/Getty Images

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Hong Kong tycoon Jimmy Lai’s Next Digital Ltd. will shut the Taiwanese unit of its flagship Apple Daily this month, people familiar with the matter said, marking the final demise of a once-influential media empire brought down by China’s crackdown on the city’s pro-democracy movement.

The Taiwanese arm of Lai’s marquee outlet will run out of funds in December and stop publishing, said the people, who asked not to be identified discussing a private matter. The newspaper’s Taiwan operation has about 300 staff members who will receive severance packages, one of the people said.