China says its looking into e-commerce billionaire's US arrest

03 September, 2018, 19:13 | Author: Mable Gonzales
  • Chinese billionaire arrested in Minneapolis

Billionaire and JD.com founder Richard Liu returned to China on Monday after a brief arrest in the USA for alleged sexual misconduct.

JD.com, which stands for Jingdong, is the rival of the popular Chinese e-commerce site Alibaba Group led by CEO Daniel Zhang.

Mr Liu, one of China's richest people, was arrested in Minneapolis shortly before midnight on Friday and released on Saturday afternoon. He declined to provide further details.

John Elder, a spokesman for the Minneapolis Police Department, said, however, that "an active investigation" was underway but it was possible for Liu to leave the United States.

JD.com said Liu had been subject to a false accusation while in the USA on business, and "local police quickly determined there was no substance to the claim".

Liu founded JD.com, one of China's leading e-commerce sites in 2004.

In addition, JD.com also threatened legal action against those publishing false reports and rumors. Liu was detained on Friday and released on Saturday.

Over 99 per cent of demonetised notes back with RBI
Over 2.09 lakh non-income tax filers filed their returns and there was an 18 per cent increase in tax revenue, he told reporters. Another narrative that made the rounds after demonetisation was that the Indian economy had too many high-denomination notes.

Elder said he did not know if Liu was being represented in the case by a lawyer. 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".

In July, he lost a court battle in Australia to keep his name out of a sexual assault trial in which a guest at a party Liu had hosted at his luxury Sydney home in late 2015 accused another guest of sexually assaulting her at a hotel. "Mr. Liu has returned to work in China".

In June, Google announced a $550 million investment in the company.

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.

This is not the first time Liu has been embroiled in a sexual misconduct incident. In 1998, he spent 12,000 yuan ($1,760) of his savings to lease a four-square-metre retail space in Beijing's technology hub of Zhongguancun, setting up a firm that would become JD.com.

Longwei Xu, a property developer, was later convicted of the crime. Liu grew up in a poor part of eastern China before attending the prestigious Renmin University in Beijing.

Recommended:



Popular

Republicans 'cherry-picked' Russian Federation probe documents to quiz USA official: Democrats
In one instance, members read from an email in which Steele wrote to Ohr that he wanted to discuss something with him informally. The materials were not among 800,000 pages of documents provided by the Justice Department to their panels, they said.

Man shot after pulling gun outside Ice Cube concert, sheriff says
A man in a black and white uniform with a walkie-talkie on his belt was then shown trying to restrain another man. The shooting took place as the horses were racing down the stretch of the 10th race.

Guardiola 'happy' with Sane attitude despite dropping him from Man City squad
That can be good, although sometimes it can also be bad because you have to take more risks, but we have to do it. Newcastle were given a tough start to the season by the fixture computer.

Real, Barca turn focus to staying perfect in Spanish League
Their bad month of August didn't get any better when they ended up in a group with Barcelona, Tottenham , and PSV Eindhoven. But Ronaldo's reunion can't be dismissed as the 33-year-old tries to win the Champions League for a fourth year in a row.

Mexico president-elect wants Canada in new NAFTA
The report said Ottawa tried to offer more dairy market access to the US during NAFTA talks in May, but the USA declined. The NAFTA renegotiations had dragged on for a year before the tentative agreement with Mexico was announced Monday.

Yaya Toure set to sign for Olympiakos and not Arsenal
Seluk stated Toure had " passed a medical in London " before stating it was not West Ham because "Yaya is a champion". Former Manchester City midfielder Yaya Toure is set to move to Olympiakos , according to a report from ESPN FC .

Lindsey Graham Calls Trump's Handling of John McCain's Death 'Disturbing'
John McCain as "a man of deep conviction", and adds, "He was a public servant in the finest traditions of our country. On Thursday, McCain's body was flown to Washington, where he will lie in state at the US Capitol on Friday.

Even In Death, Aretha Franklin Isn’t Wearing The Same Outfit Twice
Woodlawn also is the final resting place for Parks and numerous Motor City's musical elite, including members of the Four Tops. For Thursday's viewing at New Bethel Baptist Church, Franklin laid in repose in a lacy, rose gold gown by St.

Authorities identify mystery woman in Texas doorbell video
AMAZING NEWS! Deputies say a mysterious woman seen ringing a doorbell in the Sunrise Ranch neighborhood last week is... The same barefoot woman rang the doorbells of other homes in the area , but also vanished by the time anyone answered.

Britain to boost trade in Africa - PM May
Last week, US President Donald Trump posted a controversial tweet on SA's push to expropriate land without compensation. Although she was seen dancing with school children, the truth is Theresa May meant business before jetting to Africa .