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