Hong Kong: Jimmy Lai convicted in national security case; life sentence possible.

• Hong Kong media mogul Jimmy Lai was convicted by a city court on national security charges.
• Lai was found guilty of colluding with foreign forces and conspiring to publish seditious articles.
• He faces a potential life sentence under Hong Kong's national security law.
• Lai, founder of the now-defunct 'Apple Daily', was a vocal critic of Beijing.
• Western countries like the US and UK have closely monitored the trial.

Why It Matters: Jimmy Lai's conviction signals severe suppression of dissent and eroding freedoms in Hong Kong.