The independent news website announced on its Facebook page that it has ceased operations and dismissed all employees, effective immediately. The statement said that Stand News will immediately stop updating its website and social media accounts, which will be removed within days.
At a news conference Wednesday afternoon, Steve Li Kwai-wah, senior superintendent of the Hong Kong police’s National Security Department, said that the arrests were connected to multiple “seditious” articles published by the outlet between July 2020 and November 2021.
Li also said that police raided the news outlet’s office in the city’s Kwun Tong area, and froze about 61 million Hong Kong dollars ($7.8 million) worth of assets from the company.
Some 200 police officers were involved in the newsroom raid, where they seized journalistic materials, according to a government statement earlier Wednesday.
The arrests included Ho and Margaret Ng, a former…