investorschatroom.com

Finance

Chinese billionaire arrested in Minneapolis for alleged sexual misconduct

Share
Chinese Billionaire Liu

Liu Qiangdong, also known as Richard Liu, was visiting Minneapolis when police arrested him.

Investors flinched slightly at the news Friday of Liu's arrest, but JD.com stock value had rebounded by the end of the day. "An investigation by local police did not find any evidence of misconduct, and he will continue his trip as planned.

Mr. Liu has returned to work in China", the company said in a brief statement late on Monday, referring further questions to two USA -based lawyers representing Liu.

-Chunying Zhang in Shanghai contributed to this article.

The Minneapolis Police Department over the weekend said the investigation remained active but would not confirm details of the arrest or the allegations against 45-year-old Liu. He declined to provide details of the arrest.

"We are confident that we will be able to get in touch with him as the time becomes necessary", Elder told the Wall Street Journal.

Minneapolis police said on Sunday that "an active investigation" was underway, although it was possible for the billionaire founder of the firm to leave the United States.

China hosts African leaders amid aid criticism
China has poured billions in loans for roads, railways, ports and other major infrastructure projects in Asia and Africa. He also voiced hope that Chinese and African companies could find new ways to cooperate in the field of technology.

South Florida pastors denounce DeSantis for his 'monkey this up' remark
In the Hill.TV interview , Rodgers also emphasized that Fox News quickly distanced itself from DeSantis after the comments. He entered the governor's race a month after Trump's December tweet that he would make "a GREAT governor".

Ryan Giggs: 'Jose Mourinho is the right man for Manchester United'
A reportedly strained relationship with his manager has seen plenty of speculation suggesting Martial's future may lie away from United.

JD.com said the accusations were false and unsubstantiated.

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

Also known as Richard Liu, the founder of the Beijing-based e-commerce site was arrested in Minneapolis late Friday on suspicion of criminal sexual conduct, according to Hennepin County Jail records. In 2015, a model said she was sexually assaulted by a man after they had partied at Liu's Australian penthouse.

Longwei Xu, a property developer, was later convicted of the crime.

In July, a court in Australia denied Liu's efforts to block the release of his name in association with a sexual assault trial in which he was not accused of any wrongdoing, according to a court document.

"Born into a poor farming family in northern Jiangsu province, Liu is arguably less well-known outside China than his fellow billionaire countrymen like Alibaba Group Holding's Jack Ma Yun, Tencent Holdings' Pony Ma Huateng and Baidu's Robin Li Yanhong, who recently made the cover of Time magazine", Hong Kong-based South China Morning Post reported.

Share