Hong Kong investigative news agency Factwire has said that the donations it has received over the past 50 days will sustain its operations until around June or July.
The agency was founded in 2015 following a successful crowdfunding campaign which raised HK$3 million. It is founded by veteran journalist Ng Hiu-tung, who had worked for various media outlets including Cable News and TVB.
As the first investigative news agency in the city, it published reports on defects at a Chinese nuclear power plant, the alleged “kidnapping” of pro-democracy figure Howard Lam, and sub-standard electricity cables.
In December, Factwire made an urgent request for HK$3.8 million in donations to cover their operating costs for the coming year. It said that, in the face of financial difficulties, they will leave their fate to the hands of Hongkongers.
It said in an update on Monday that, since its fundraising drive launched, 1,787 supporters donated HK$1.9 million in total; 220 of which were monthly subscribers who will generate around HK$42,000 in fixed income. Another 123 are supporters giving HK$2,555 each annually.
“In the coming days, we’ll continue to do good journalism, and at the same time – under the premise that it will not affect our editorial independence and reporting quality – explore feasible products or services that would bring new sources of income, so that Factwire can continue down this road of seeking the truth.”
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