The story
Founded by Jimmy Lai on Mar 15, 1990, in British Hong Kong.1
On 20 October 2015, the company changed its English name from Next Media Limited to Next Digital Limited. Under a climate of political repression, the news outlet's activism came into conflict with the Beijing regime. Some companies with ties to China had refrained from putting advertisements on any publication of the media group due to the heightened political pressure exerted on the business bodies in the city.
Raid by the police
In the early morning of 10 August 2020, Jimmy Lai, the founder of Next Digital, was arrested by the Hong Kong Police for alleged collusion with foreign powers after a Beijing-led investigation. A post on Twitter from the media group's executive, Mark Simon, confirmed the arrest. The Committee to Protect Journalists (CPJ) reported that "the arrest of media tycoon Jimmy Lai bears out the worst fears that Hong Kong's National Security Law would be used to suppress critical pro-democracy opinion and restrict press freedom". Steven Butler, CPJ's Asia program coordinator, commented, "Jimmy Lai should be released at once and any charges dropped."
The Hong Kong Police arrested seven people aged 39 to 72 accused of violating the new security law. The arrestees included Jimmy Lai (Founder of Next Digital Limited), Cheung Kim Hung (CEO of Next Digital Limited), Chow Tat Kuen, Royston (executive director and CFO of Next Digital Limited).
From Wikipedia’s article on Next Digital, shared under CC BY-SA 4.0.4