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Data: FactSet; Chart: Axios Visuals

Next Digital is fighting for its life. One of the last truly independent media outlets in Hong Kong, its high-profile publisher, Jimmy Lai, was arrested this week as part of China's crackdown on pro-democracy activism.

Driving the news: Apple Daily, the company's flagship newspaper, is the most-read outlet in Hong Kong. Lai's arrest caused his company's stock to rise elevenfold in a single day, thanks to thousands of Hongkongers flocking to the market to bid up the shares.

  • It's an example of what Bloomberg's John Cheng describes as "alternative forms of protest" in a territory now governed by laws effectively outlawing mass demonstrations.

What they're saying: "We have to be more careful and creative" in how to resist Chinese communism, Lai said after he was released on bail. "We have to really use our brain and patience, because this is a long fight."

Go deeper

Aug 25, 2020 - Podcasts

Ant Group preps giant IPO amid rising U.S.-China tensions

Chinese financial tech giant Ant Group today filed for what could become the largest initial public offering of all time, with plans to list in Hong Kong and Shanghai.

Axios Re:Cap digs into why this deal is as much about geopolitics as it is about stocks, and why New York got left behind.

32 mins ago - World

Netanyahu campaigns against Biden's plan to save Iran deal

Netanyahu campaigns at a gym last month. Photo: Pool/AFP via Getty

Israeli Prime Minister Benjamin Netanyahu indirectly criticized the Biden administration for its intention to return to the Iran nuclear deal and told his supporters he was prepared to "stand against the entire world" to stop it.

Why it matters: This is a major change of tune for Netanyahu, who had been careful in his statements on the Iran deal and avoided publicly criticizing President Biden. The statement was part of Netanyahu's attempt to rally his base ahead of Israel's election on March 23.

Updated 55 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Tech: "Fludemic" model accurately maps COVID hotspotsVirtual doctor's visits and digital health tools take off.
  2. Politics: Schumer says Senate will stay through weekend to vote on COVID relief — Republican governor of West Virginia says there's no plan to lift mask mandate.
  3. World: Canada vaccine panel recommends 4 months between doses.
  4. Business: Firms develop new ways to inoculate the public.
  5. Local: Ultra-rich Florida community got vaccinations in January.