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Oct 22, 2012
Mixed reactions as Jimmy Lai quits Taiwan media industry
TAIPEI - Jimmy Lai, the self-made media tycoon from Hong Kong, has sold his Next Media business in Taiwan to Chinatrust Charity Foundation for US$600 million (NT$17.5 billion), drawing an end to the turbulent rise and fall of its 'media invasion' of Taiwan over the past 12 years.
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