Month: September 2018

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China’s JD.com: founder returns to Beijing after US arrest

September 3, 2018 admin Comments Off on China’s JD.com: founder returns to Beijing after US arrest

A Chinese e-commerce giant says its billionaire founder, Liu Qiangdong, has returned to China after earlier being arrested in the U.S. on suspicion of criminal sexual conduct. Also known as Richard Liu, the founder of the Beijing-based e-commerce site was arrested in Minneapolis late Friday on suspicion of criminal sexual conduct, jail records show. Liu, 45, was released Saturday afternoon pending possible criminal charges, Hennepin County Jail records show. …read more […]

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U.S. police investigate JD.com CEO over sexual misconduct accusation

September 3, 2018 admin Comments Off on U.S. police investigate JD.com CEO over sexual misconduct accusation

BEIJING/NEW YORK (Reuters) – The CEO of Chinese e-commerce giant JD.com Inc , Richard Liu, was arrested by U.S. police on suspicion of criminal sexual conduct and later released in what police said was an ongoing investigation. JD.com said on Monday Liu has returned to China from the United States to work. “We don’t know if there will be charges or not because we haven’t concluded an investigation,” John Elder, a spokesman for the Minneapolis Police Department, told Reuters on Sunday. …read more […]

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Richard Liu, high-flying CEO of JD.com, has fostered ‘clean’ reputation

September 3, 2018 admin Comments Off on Richard Liu, high-flying CEO of JD.com, has fostered ‘clean’ reputation

BEIJING/SHANGHAI (Reuters) – Richard Liu, founder and chief executive of JD.com, has kept tight control of the business as he takes aim at the likes of Amazon.com, but faces a battle on a new front after being arrested in the United States following an accusation of sexual misconduct. The Chinese company has said the accusation against Liu, 45, is unsubstantiated. Police in Minneapolis say they are investigating, though Liu was released after a night in jail, and JD.com said on Monday he had returned to China. …read more […]