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U.S. police arrest China shopping giant's CEO over misconduct claims

U.S. police arrest China shopping giant's CEO over misconduct claims

Chinese billionaire and tech mogul Richard Qiangdong Liu returned to China on Monday, three days after Minneapolis police arrested and detained him on suspicion of sexual assault.

Liu, the founder and CEO of Chinese e-commerce giant JD.com, is estimated to be the 16th-richest man in China.

"The individual was arrested Friday evening and released Saturday afternoon".

Elder declined to provide details about the allegations but said authorities are not overly concerned about Liu leaving the country.

But, contrary to the company's statement, Minneapolis police have not actually cleared Liu of wrongdoing and have instead said that they are now investigating the allegation against him.

JD.com said in a statement on the Chinese social media platform Weibo that Mr Liu arrest in Minnesota was based on an "unsubstantiated accusation".

Richard Liu was arrested over the misconduct allegations on Friday.

Liu is known for pushing the company toward "100 percent" automation and speaking at global conferences about reducing the need for workers.




"We don't know if there will be charges or not because we haven't concluded an investigation", Elder told Reuters on Sunday.

The Financial Times, citing two people with direct knowledge of the matter, said the case involved Liu, 45, a student in a business program at the University of Minnesota, and a Chinese student at the school allegedly during a US business trip.

JD.com is one of China's largest online retailers.

The University of Minnesota said Liu was a student in its doctor of business administration program, which primarily takes place in Beijing in partnership with Tsinghua University aimed at full-time executives.

Business Insider has contacted JD.com for further comment. 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.

Liu recently tried to distance himself from sexual assault allegations against a guest at a 2015 party at Liu's penthouse in Australia.

At 24, she became China's youngest female billionaire in 2017. The defendant was found guilty of seven offenses, according to a court document.

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