Caixin
Sep 03, 2018 08:43 PM
BUSINESS & TECH

Update: China Internet Mogul Investigated for Sexual Misconduct in U.S.

Mug shots obtained by Caixin of Liu Qiangdong, or Richard Liu, taken during his detention in the U.S. state of Minnesota. Photo: Hennepin County Sheriff's Office
Mug shots obtained by Caixin of Liu Qiangdong, or Richard Liu, taken during his detention in the U.S. state of Minnesota. Photo: Hennepin County Sheriff's Office

* Police in Minneapolis say they are still investigating the case, and no charges have been filed

* Some stock traders express concern about the effect the incident will have on JD.com’s shares when U.S. markets reopen Tuesday

Police in the U.S. state of Minnesota are investigating allegations of sexual misconduct involving Chinese e-commerce giant JD.com Inc.’s founder and CEO following his brief detention late last week.

The 45-year-old Chinese billionaire entrepreneur Liu Qiangdong, who also goes by the name Richard Liu, was detained on suspicion of criminal sexual conduct on Friday at 11:32 p.m. U.S. Central time. He was released the next day about 4 p.m., according to a sheriff’s jail-roster record from Minnesota’s Hennepin County, which includes Minneapolis, the state’s largest city.

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