Media & EntertainmentThe cash crunch at Hong Kong's Apple Daily: 5 things to know
Critical newspaper on verge of closing after authorities freeze company accounts
Next Digital has warned it will have to stop printing Apple Daily after Saturday's edition unless funds are released to pay its 2,000 staff. © AP
MICHELLE CHAN, Nikki staff writer
HONG KONG -- Two years before Britain was scheduled to hand Hong Kong back to China, businessman Jimmy Lai, who had made his fortune from clothing chain Giordano, boldly entered the city's crowded newspaper market in 1995 by founding Apple Daily with a commitment to "defy the fear."