Lai is the owner of Hong Kong tabloid and founder of Next Digital Media which publishes Apple Daily, a well-read tabloid that is frequently critical of Hong Kong and mainland Chinese leadership. He will be held on remand until his next court date in April next year.
The executives, chief operating officer Royston Chow Tat-Kuen, and chief administrative officer Wong Wai-Keung were released on bail on Thursday, while Lai was denied bail because he was deemed an "absconding risk", according to local reports.
It comes a day after three prominent pro-democracy activists, Joshua Wong, Agnes Chow, and Ivan Lam were jailed for their activism.
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