A Hong Kong appellate court has quashed Jimmy Lai Chee-ying’s fraud conviction for operating a consultancy office from his now-defunct tabloid-style newspaper, Apple Daily, finding that the prosecution had failed to prove the media mogul had made a “false representation” or could be held liable for concealment. In a judgment delivered on Thursday, the Court of Appeal ruled that although Apple Daily had breached its contract by allowing Dico Consultants to operate from its premises, the...