Last September, when I was in Hong Kong reporting on the anti-government protests engulfing the city, I spent an afternoon in the industrial-looking headquarters of Apple Daily, a popular tabloid owned by perhaps the city’s most unusual tycoon, an outspoken democracy activist and one of the Communist Party’s leading critics. To meet Jimmy Lai, I walked through the publication’s vast open-plan office, where hundreds of staff members busily put out the day’s news. “When I went into the publishing business, twenty-five years ago, it was a no-brainer,” Lai told me in his office, which resembled the appearance of its owner: determinedly functional and, unusually for Hong Kong, absent of status markers. “Information is freedom, and I wanted to be in the business of delivering freedom.” Lai admitted that back then he hardly thought this was a risky proposition. “I believed that all of China was going forward, that it was inevitable China would adapt to openness.”