Hong Kong Protests Rekindled As Social Activists Arrested for “Publishing Sedition”

A Hong Kong man was arrested by the Hong Kong Police National Security Service on suspicion of “publishing sedition” on Sunday. According to Hong Kong media reports, the man is Tan Dezhi, the vice-chairman of “People’s Power.” Later that afternoon, nearly 300 people were arrested at a demonstration against the postponement of the Legislative Council election.

China Roundup – 16 Arrested in HK, Jack Ma Getting Richer, Burger King Fined for Expired Materials

Ant Financial Services Group, the world’s highest valued FinTech company, released its prospectus on August 25. Jack Ma, the founder of the Alibaba empire, will have a shareholding of no more than 8.8%. Furthermore, Jack promises to donate 610 million stock shares to charity (which will account for around 2% of the company’s market value), especially on education, entrepreneurship and female leadership. On August 26, Alibaba reaches its highest ever stock price. The total value passes 6 trillion HKD, which is over $774 billion.