• Thu
  • Jul 10, 2014
  • Updated: 4:23pm

Jimmy Lai

Jimmy Lai (his Chinese name is Lai Chee-ying) is a Hong Kong-based entrepreneur formally best known for his high profile as the founder of Giordano, one of Asia’s biggest retailers. Born in China in 1948, Lai came to Hong Kong at the age of 12. Lai invested in a bankrupt garment factory, Comitex, in 1975, which he built into Giordano, which he sold in the 1990s after his criticism of Chinese human rights abuse prompted retaliation against his retail group's mainland operations. In 1995 he founded Apple Daily and his Next Media group is one of the most successful of its kind in the region. Next Media is known for its support for democracy and criticism of China, prompting some companies with ties to avoid advertising with publications in the group. While the group has been hugely successful with its media operations, it made a rare misstep by entering Taiwan’s saturated broadcasting market and in October 2012 agreed to sell its loss-making Taiwan TV unit to  Lien Tai-sheng, owner of Taiwan’s Era Television and to terminate its video-on-demand (VOD) services at the end of the month.

 

Tsai Eng-meng lived up to his bulldog reputation with Next purchase

Perhaps the best way to sum up Tsai Eng-meng's character is to call him, as a friend of his did, "a wilful bulldog with unyielding fighting spirit".

Saturday, 8 December, 2012, 6:32am

Next Media looks to future after sale

While regulators in Taiwan are set to review the sale of Next Media's print and television business on the island to a group of tycoons, publishing mogul Jimmy Lai Chee-ying is just glad the deal allows his company to move on.

"We're looking forward to the future," said Lai's assistant, Mark Simon. "We think they (the Taiwanese tycoons) are good buyers and we wish them luck."

29 Nov 2012 - 9:34am

Protests in Taipei as Jimmy Lai inks Next Media deal

Asian media mogul Jimmy Lai’s sale of his Taiwan holdings has sparked protests in Taipei as fears grow it will greatly expand Chinese influence on the democratic island.

27 Nov 2012 - 8:23pm 1 comment

Talking points

Lamma crash suspects report to police

27 Nov 2012 - 5:01am

Media star in their own soap opera

It's rarely a good sign when the media become the headlines. Yet some of the more entertaining stories in recent days have to do with local news outlets.

19 Nov 2012 - 3:21am

HK$4.7b deal to sell Jimmy Lai's Taiwan unit postponed

The HK$4.7 billion deal for the sale of publishing tycoon Jimmy Lai Chee-ying's Next Media holdings in Taiwan was put on hold yesterday, hours before it was supposed to have been sealed.

18 Nov 2012 - 4:44am 1 comment

In-your-face publisher Jimmy Lai still has a place in democrats' hearts

Local media mogul Jimmy Lai Chee-ying's decision to sell Next Media's print and television operations in Taiwan to Jeffrey Koo Jnr for NT$17.5 billion (HK$4.6 billion) marks the company's exit from the Taiwanese market to focus on its Hong Kong operations. The move has inevitably aroused a great deal of public interest as to what Lai is going to do next.

26 Oct 2012 - 2:14am 1 comment

Hong Kong shares in Next Media jump 56pc on Taiwan deal

Shares in Hong Kong’s Next Media (0282.HK), controlled by media mogul Jimmy Lai, on Thursday jumped as much as 56 per cent after the firm said it would sell its Taiwan assets in a deal worth US$600 million.

29 Aug 2013 - 4:13am

Market Open:Hong Kong stocks seen higher on easing hopes after disappointing China PMI

Hong Kong stocks may open higher after a two-day National Holiday break on speculation that more easing measures could be in the pipeline to revive growth 

3 Oct 2012 - 9:57am

Next exit from Taiwan TV after licence failure

Next Media will sell its loss-making Taiwan television business after failing to obtain a cable television licence from the island's increasingly Beijing-friendly government.

2 Oct 2012 - 2:46am

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