
Webb-Site to disappear
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| The announcement earlier this week that David M. Webb would put an end to the website he started 27 years ago – under the fortuitous name “Webb-site” – brings to a close one of the most remarkable watchdog operations in Asia. A highly qualified and successful former investment banker who amassed a fortune of at least US$170 million gave up his career at age 32 to play an influential and unpaid role as an activist investor, transparency advocate, and volunteer watchdog over Hong Kong’s sometimes dodgy share market, with companies rife with unexplained dealings. “Webb-site” could possibly have continued if it hadn’t been for the timidity of the administration of the University of Hong Kong, the city’s premier educational institution, in the face of the takeover of the city by Beijing and the implementation of the draconian National Security Law, which cowed the university into turning down a 2020 offer, after his first cancer diagnosis, to move the database to the university with the idea of having a fully-staffed "Webb Centre for Public Transparency" to build a much larger database, including datasets from PhD researchers on social, economic, health and legal matters in the Asia region… Click to subscribe and continue reading. This is among the stories/excerpts we choose to make widely available. If you wish to get the full Asia Sentinel experience and access more exclusive content, please do subscribe to us for US$10/month or US$100/year. | |
