Chinese Billionaire Returns To China After Minnesota Arrest
Chinese Billionaire Returns To China After Minnesota Arrest
CEO Liu Qiangdong attending a business forum in Hong Kong in June 2017
03 September, 2018, 19:14
He was brought in by police in Minnesota late on Friday on an accusation of "criminal sexual conduct" and released more than 16 hours later, according to arrest records.
Richard Liu, founder and CEO of Chinese online retail giant JD.com, was arrested over misconduct allegations on Friday and released the next day.
Liu, also known by his Chinese name Liu Qiangdong, was arrested over the misconduct allegations late Friday and released Saturday afternoon in the midwestern USA city of Minneapolis, records from Hennepin County Jail showed.
A Minneapolis police department spokesperson said over the weekend the investigation was "active" but Liu hadn't been charged.
It said Liu had been participating in a business activity at the time when false accusations were made against him, and that a police investigation had not found any inappropriate behavior.
JD.com is one of China's tech heavyweights, competing with larger rival Alibaba.
JD said it planned to make a selection of items available for sale in places like Europe and the United States through Google Shopping, which allows shoppers to search for products and compare prices on different e-commerce sites. It showed Liu was "released pending complaint".
There is also no clear successor to Liu, who is both chairman and chief executive, even as JD.com faces an escalating battle with Alibaba and has seen its shares fall 24 percent this year. He declined to say where in Minneapolis that Liu was arrested or what Liu was accused of doing.
That proved key to JD.com's rise, culminating in its listing in the United States in 2014.
This is not the first time Liu has been embroiled in a sexual misconduct incident.
He has properties overseas and is married to Chinese internet celebrity Zhang Zetian, often referred to by her nickname, Sister Milk Tea, reported to be about 20 years his junior. A guest at the party, Longwei Xu, was found guilty this July of seven charges, including having sex with his accuser without her consent. Liu grew up in a poor part of eastern China before attending the prestigious Renmin University in Beijing.
Liu, who also goes by the name, "Richard Liu", is registered as a student in the University of Minnesota's Carlson School of Management doctor of business administration China program, the Minneapolis Star Tribune reported.
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