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Hong Kong pro-democracy media tycoon charged with fraud

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Hong Kong media tycoon Jimmy Lai appeared in court on Thursday charged with fraud, the latest in a string of prosecutions brought against high profile Beijing critics and democracy campaigners.

Lai, 73, is the owner of Hong Kong’s best-selling Apple Daily, a popular tabloid that is unashamedly pro-democracy and fiercely critical of authorities.

On Thursday, Lai and two of the firm’s executives — Royston Chow and Wong Wai-keung — faced fraud charges that court documents said were related to the paper’s offices allegedly being used for purposes not permitted by the building’s lease.

Police raided Apple Daily’s headquarters in August and arrested a string of senior company figures, including Lai, on suspicion of “collusion with foreign forces” under a vaguely worded new national security law that Beijing imposed on the city.

None has been charged with any national security breaches, although police have said the investigation is ongoing.

A clampdown has gathered pace in Hong Kong since China imposed its sweeping security law in June, with opposition politicians disqualified and dozens of activists charged or investigated.

On Wednesday, three prominent young democracy campaigners — including Joshua Wong — were jailed for taking part in last year’s democracy protests.

Lai is also being prosecuted for his alleged part in those rallies in a separate case.

The clampdown has provoked outrage in the West and fear for millions who last year took to the streets to protest communist China’s tightening grip on the semi-autonomous city.

Beijing says stability and order has been restored and has dismissed the huge crowds that protested as a foreign plot to destabilise China.

Critics say Beijing has shredded the freedoms and autonomy Hong Kong was promised ahead of its handover by Britain.

Lai has long said he fears authorities want to shutter his newspaper, one of the few local outlets still willing to vocally take on Beijing with scathing reporting and satirical cartoons.

In Chinese state media, he is routinely cast as a traitor and “black hand”.

In April, Lai said he had provided HK$550 million ($71 million) of his own money to keep the newspaper afloat.

Prosecutors have tried bringing cases against him in the past. He was acquitted in September of intimidating a reporter from a rival pro-government newspaper.

The corruption watchdog also dropped a case against him over political donations to pro-democracy supporters after four years of investigations.

Authorities deny targeting Apple Daily or Lai and say police are simply enforcing breaches of the law.

– AFP

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Up to 200 athletes tested for doping so far at Asian Games

Between 150 and 200 Asian Games athletes tested for doping, yielding no positive results. Anti-doping efforts emphasized for a clean event, focusing on record-breakers.

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HANGZHOU, CHINA — Between 150 and 200 Asian Games athletes have already been tested for doping, the Olympic Council of Asia said on Monday, with no positive results so far.

Speaking at an anti-doping press conference on the second full day of the Games in the Chinese city of Hangzhou, the OCA said dope-testing was “gaining momentum” at the event.

Mani Jegathesan, an adviser to the OCA anti-doping committee, warned that drug cheats would be rooted out.

Up to 200 athletes have been tested so far, he said, but any positive results will take several days to come through.

“Every athlete participating in these Games must understand that they could be picked at any time,” Jegathesan warned.

“That is the best step to ensuring we have a clean event.”

There are about 12,000 athletes at the 19th Asian Games, more competitors than the Olympics, and Jegathesan admitted it would be impossible to test them all.

Instead, they will prioritise, including picking out those who break world or Asian records.

— AFP

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Foodpanda’s restructuring amid sale speculations

Food delivery giant Foodpanda, a subsidiary of Delivery Hero, announces staff layoffs in the Asia-Pacific region, aiming for increased efficiency. This move coincides with ongoing talks about potentially selling parts of its 11-year-old business.

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Foodpanda, a subsidiary of Delivery Hero, is initiating undisclosed staff reductions in the Asia-Pacific region, as discussions continue regarding the potential sale of a portion of its 11-year-old food delivery business.

In a memorandum circulated to employees on 21 September, Foodpanda CEO Jakob Angele conveyed the company’s intent to become more streamlined, efficient, and agile.

Although the exact number of affected employees was not disclosed, the emphasis was on enhancing operational efficiency for the future.

No mention was made in the memo regarding the reports of Foodpanda’s potential sale in Singapore and six other Southeast Asian markets, possibly to Grab or other interested buyers.

Foodpanda had previously conducted staff layoffs in February and September 2022. These actions come as the company faces mounting pressure to achieve profitability, particularly in challenging economic conditions.

The regulatory filings of Foodpanda’s Singapore entity for the fiscal year 2022, ending on 31 Dec, indicated a loss of S$42.7 million despite generating revenue of S$256.7 million.

Angele further explained that Foodpanda intends to review its organizational structure, including both regional and country teams, with some reporting lines being reassigned to different leaders. Additionally, certain functions will be consolidated into regional teams.

Expressing regret over the challenging decisions, Angele assured affected employees of a severance package, paid gardening leave, and extended medical insurance coverage where feasible.

Foodpanda will also forego the usual waiting period for long-term incentive plan grants, and vesting will continue until the last employment date. Employees will retain all vested shares as of their last day of employment.

Foodpanda, established in 2012 and headquartered in Singapore, became a part of Delivery Hero in 2016. The company operates in 11 markets across the Asia-Pacific region, excluding its exit from the Japanese market last year.

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