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Jimmy Lai, who has been frequently criticized by Chinese authorities for his support for local democratic movements, was released on bail by a Hong Kong court last week(via REUTERS)

Hong Kong tycoon Jimmy Lai steps down from Next Digital helm

By Bloomberg | Posted by Ayshee Bhaduri
PUBLISHED ON DEC 30, 2020 10:45 AM IST
Jimmy Lai, a prominent critic of Beijing and local authorities, tendered his resignation “in order to spend more time dealing with his personal affairs,” according to a statement from the media group he founded three decades ago. He also stepped down from the position of executive director.
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