JD.com's billionaire CEO released after U.S. arrest

Hennepin County Sheriff's Office

Hennepin County Sheriff's Office

Liu Qiangdong, one of the richest men in China, has returned to China after being briefly arrested in the U.S. over a sexual misconduct allegation.

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.

The billionaire founder of one of China's largest internet companies was arrested last week in Minnesota for alleged sexual misconduct, spending the night in jail before being released the following afternoon.

Minneapolis police spokesman John Elder said Sunday he couldn't provide any details because the investigation is considered active.

Liu was in the United States on business when he faced questions about an "unsubstantiated accusation", according to a statement JD.com posted Sunday to the Chinese social network Weibo. 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, the Times reported.

"Mr. Liu has returned to work in China", a JD.com spokesperson said Monday. He stressed that the case was still active and that "people can say whatever they like" without affecting the investigation. Liu, who is worth an estimated $7.3 billion, owns 16 percent of the company and has vast control over major business decisions.




Business Insider has contacted JD.com for further comment. The accusation could also be a test of JD.com's stability, as well as the ability of a Chinese technology company to rebound from the problems of its leaders.

JD.com denied the charge against Liu.

Liu's arrest came shortly after he tried to distance himself from a different sexual-misconduct scandal. Elder said it is his understanding that Liu is still in the United States.

Longwei Xu was found guilty in July of sexual assault after a jury found that he pinned the woman down and repeatedly tried to have sex with her during an hour-long ordeal at his hotel room in December 2015, Sydney Morning Herald reports.

Trade in JD.com shares is set to resume on Tuesday as USA markets are closed for the Labor Day holiday on Monday.

CEO Liu Qiangdong attending a business forum in Hong Kong in June 2017.

Recommended News

  • LG launches first 8K OLED TV at IFA

    LG launches first 8K OLED TV at IFA

    Importantly, Samsung looks to have improved image quality too, which will be important in the battle for consumer's wallets. Starting with the Samsung 8K QLED TV, the Q900R comes in four screen sizes - 65inch, 75-inch, 82-inch, and 85-inch.
    Judge Says FEMA Can End Motel Payments for Hurricane Maria Evacuees

    Judge Says FEMA Can End Motel Payments for Hurricane Maria Evacuees

    Ricardo Rossello adopted the lower number as the official count, Rossello's number could rise, the Washington Post reported today. The same thing happened with the death count and other relief efforts, said Blondet. "We used very rigorous methodology".
    Real Madrid player to wear Cristiano Ronaldo’s No.7 shirt revealed

    Real Madrid player to wear Cristiano Ronaldo’s No.7 shirt revealed

    Understandably, Real fans think this might be a little much for a 25-year-old with one year of genuine first-team experience. That was despite Sevilla having agreed a deal for the player , according to club president Jose Castro .
  • FOCAC 2018 summit: 9 major things Buhari said in China

    FOCAC 2018 summit: 9 major things Buhari said in China

    China defends continued lending to Africa on the grounds that the continent still needs debt-funded infrastructure development. Foreign direct investment has grown even faster over the past decade, at about 40 percent a year, it found.
    Roxanne Pallett reunited with fiance after quitting Celebrity Big Brother

    Roxanne Pallett reunited with fiance after quitting Celebrity Big Brother

    But Thomas said there was no "malice" in what happened, with some viewers arguing it was merely play-fighting. Roxanne accused Ryan of punching her and asked Big Brother if he could be kicked out of the house.
    US Open: Roger Federer breezes by Yoshihito Nishioka

    US Open: Roger Federer breezes by Yoshihito Nishioka

    It's great to have played also a good first round against an entertaining first-round opponent. Whoever wins, however, knows already that they will face an unseeded man in the fourth round.
  • Nick Saban upset with ESPN reporter over interview question

    Nick Saban upset with ESPN reporter over interview question

    The final numbers for Tagovailoa, who played only one series in the second half: 12 of 16 for 227 yards and two touchdowns. Taylor was absolutely right to ask the question in her postgame interview on the field, whether Saban likes it or not.
    Arsenal coach Unai Emery bans fruit juice from training ground

    Arsenal coach Unai Emery bans fruit juice from training ground

    Mesut Ozil has recovered from illness and is available for Arsenal's Premier League trip to Cardiff on Sunday. Each match is different and each match involves a lot of travel.
    Gérard Depardieu's Lawyer Denies The Shocking Rape Allegations Against Him!

    Gérard Depardieu's Lawyer Denies The Shocking Rape Allegations Against Him!

    In France, the Me Too movement has not moved as quickly as it did through Hollywood and has been met with some resistance. Depardieu "absolutely" denies the allegations. "The case was passed on to the Paris prosecutor", the source said.
  • Gareth McAuley signs one-year deal at Steven Gerrard's Rangers

    Gareth McAuley signs one-year deal at Steven Gerrard's Rangers

    The centre-back has been a free agent since leaving the English side back in May following relegation from the Premier League. The Larne native had spent six seasons with the Baggies.
    Trump blasts union leader on Labor Day

    Trump blasts union leader on Labor Day

    US Trade Representative Robert Lighthizer said the negotiations over the past four days were "constructive, and we made progress". Donald Trump said there is "no political necessity" to keep Canada in the NAFTA agreement if a "fair deal" can not be reached.
    Eden Hazard issues warning to Man City, Liverpool and Tottenham

    Eden Hazard issues warning to Man City, Liverpool and Tottenham

    That's when the leaders in the group have to lead. "It is so painful to concede two goals like this", Pochettino said. Tottenham manager Mauricio Pochettino was furious with his defenders after Sunday's 2-1 loss to Watford .

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.