Chinese billionaire under investigation over sexual assault allegations in Minneapolis

Inc.,at the World Economic Forum in Davos Switzerland in January. MUST CREDIT Jason Alden Bloomberg

Inc.,at the World Economic Forum in Davos Switzerland in January. MUST CREDIT Jason Alden Bloomberg

Tech billionaire and JD.com founder Richard Liu has returned to China, the company said Monday, following a brief arrest in the USA over allegations of criminal sexual conduct.

Liu, 45, the founder of the Beijing-based e-commerce site JD.com, was released on Saturday afternoon pending possible criminal charges, Hennepin County Jail records showed.

A Minneapolis police department spokesman declined to provide further details about the reasons for the arrest, adding authorities decided not to keep Liu in custody.

Earlier in a statement posted to Chinese social media network Weibo, JD.com described the allegations on its founder as false.

Zhang Shuhan, a JD.com official, said Monday by phone that "Liu Qiangdong has been released without charges and he is now back in China". She met Liu while studying in the United States and married him in 2015. JD.com was quick to defend its leader, saying that law enforcement had grilled him over an "unsubstantiated accusation" and let him go when it determined there was "no substance". While Liu was not accused of wrongdoing, he asked an Australian court to block release of his name, citing potential harm to his company and marriage.

In June, Google announced it would invest more than half a billion dollars into JD.com as part of a move to expand retail services around the world.

Fishermen talk peace as Franco-British scallops dispute flares up
France bans all scallop dredging between May 15 and October 1, but Britain allows its vessels to operate year-round. A European Commission spokesman said it was for the two countries to resolve any dispute "in an amicable way".

The arrest comes after Liu recently tried to distance himself from a sexual assault allegations against a guest at a 2015 party at Liu's penthouse in Australia. "Mr. Liu has returned to work in China". The defendant was found guilty of seven offenses, according to a court document.

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.

The arrest comes shortly after Liu was in the spotlight for another incident involving sexual misconduct.

Major investors include Walmart, which owns a 10% stake, and Chinese tech giant Tencent, which holds 18%, according JD's latest annual report.

He has a sociology degree from Beijing's prestigious Renmin University and is a delegate to the Chinese People's Political Consultative Conference (CPPCC), an important advisory body to the government.

Recommended News

  • Raiders agree to deal Mack to Bears

    Raiders agree to deal Mack to Bears

    With Gruden open to dealing Mack, there was no way Davis was going to veto him after giving him $100 million to coach the team. The Raiders will acquire at least two first-round picks in a trade that is not yet official, according to NFL Network .
    Aretha Franklin to be remembered, mourned at funeral service in Detroit

    Aretha Franklin to be remembered, mourned at funeral service in Detroit

    Grande will be among entertainers Steve Wonder, Jennifer Hudson , Fantasia , Faith Hill , Shirley Caesar, Chaka Khan and more. Her invitation-only funeral is taking place at Greater Grace Temple, one of the largest and most famous churches in the city.
    US Senator John McCain dies after brain tumour battle

    US Senator John McCain dies after brain tumour battle

    Earlier this summer, Mr McCain issued a blistering statement criticising Mr Trump's meeting with Russian president Vladimir Putin. Chris Van Hollen: John McCain's passion and determination were unsurpassed in the Senate, and his moral compass was unfailing".
  • Trump Won't Compromise With Canada in NAFTA Deal

    Trump Won't Compromise With Canada in NAFTA Deal

    And every time we have a problem with a point, I just put up a picture of a Chevrolet Impala, ' Trump said. Canada has been clear about its "red lines" around Nafta, Trudeau said at an event in Oshawa, Ontario.
    Four killed in bus crash in US

    Four killed in bus crash in US

    According to the Greyhound's bus tracker , this bus made a quick stop in Tulsa, Oklahoma City, and Elk City just two days ago. It forced the closure of westbound lanes of the interstate and traffic was backing up as travellers were diverted.
    Like Queen Elizabeth: Meghan Markle and Prince Harry got a dog

    Like Queen Elizabeth: Meghan Markle and Prince Harry got a dog

    Speaking about how Guy had adapted to living in the United Kingdom , he said: "I think he's doing just fine". The source also recalled that she would also let her dogs eat "only the highest quality organic food".
  • Hamilton wins after Vettel spins at Italian GP

    Hamilton wins after Vettel spins at Italian GP

    Ferrari had the quickest cars at Monza and Vettel and his teammate Kimi Raikkonen had locked out the front row and were expected to win.
    Biden salutes McCain as 'a brother'

    Biden salutes McCain as 'a brother'

    Trump hit back, saying of McCain's 5-1/2 years as a prisoner of war in Vietnam: "He was a war hero because he was captured". The memorial was laced with humor and featured a racially and ethnically diverse roster of speakers and other participants.
    Serena Williams ditches catsuit for ‘Tutu’ dress

    Serena Williams ditches catsuit for ‘Tutu’ dress

    The last time the two sisters met at a Grand Slam was in the 2017 Australian Open final, where Serena prevailed in straight sets. We would have liked to have played later but it is what it is. "They are totally shocking for me", she said.
  • Roxanne Pallett quits CBB: First look at star's emotional exit

    Roxanne Pallett quits CBB: First look at star's emotional exit

    Longing to be with his family and friends, he mused that they all have 'got my back.' adding: 'I just want to see them all'. Now Sam has alleged that Roxanne claimed he'd hit her when they worked together on a stage tour of The Rocky Horror Show.
    Lego Built a Full-Size Bugatti Chiron That Actually Drives

    Lego Built a Full-Size Bugatti Chiron That Actually Drives

    The Lego vehicle was put through its paces at Ehra Lessien in Germany, the same venue for the real Chiron's original testing. The team used 339 types of Lego Technic elements, and even put some of them together using a special tool made out of Legos.
    Real's Modric beats Ronaldo, Salah to be named Europe's top player

    Real's Modric beats Ronaldo, Salah to be named Europe's top player

    United, under the leadership of Jose Mourinho , will take on Juventus (and Cristiano Ronaldo ) as well as Valencia and Young Boys. Three more former European champions Bayern Munich, Benfica, Ajax are together with underdog AEK Athens in Group E.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.