To investigate how the Chinese government extends its influence to manipulate extra-jurisdictional media, this case study investigates Taiwan’s experience. It suggests that as Taiwanese media companies become embedded in the Chinese capital, advertising, and circulation markets, the Chinese authorities increase their ability to co-opt them with various economic incentives and threats, leading to self-censorship and biased news in favour of China. Using process tracing as the principal method, and archives, interviews, and secondary literature as principal data sources, the study supports the transferability of the “commercialisation of censorship” beyond China. Liberal states around China must design institutions protecting the media from inappropriate intervention by both domestic and foreign political and economic forces.