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JD.com CEO Richard Liu was arrested on suspicion of rape

Richard Liu, the billionaire founder and CEO of Chinese tech company JD.com, was arrested last week followin...

Posted: Sep 5, 2018 11:42 AM
Updated: Sep 5, 2018 11:42 AM

Richard Liu, the billionaire founder and CEO of Chinese tech company JD.com, was arrested last week following a rape allegation, Minnesota police said Tuesday.

The report released by the Minneapolis Police Department sheds more light on Liu's arrest on Friday, which catapulted the chief of China's second largest e-commerce company into headlines around the world.

Police had previously said that Liu, 45, was arrested on suspicion of sexual misconduct, but didn't provide further information. According to the report released Tuesday, he was arrested on suspicion of rape, highlighting the seriousness of the allegation against him.

Liu, who denies any wrongdoing, was released Saturday without charge and without having to post bail. He has since returned to China, where he attended a JD.com event in Beijing on Monday.

In response to the news that Liu was arrested on suspicion of rape, one of his attorneys, Joseph Friedberg, told CNN on Tuesday that his client hasn't been charged with any crime, wasn't required to post bail and didn't have to surrender his passport.

JD.com has said previously that Liu was falsely accused. In response to a request for comment Wednesday, the company referred back to its statement from Monday that noted that Liu had returned to China after being released without any charges and without requirement for bail.

Minneapolis police spokesman John Elder told CNN on Tuesday that the investigation is continuing. The police report, parts of which are redacted, says that Liu was arrested without a warrant by a police officer wearing a body camera.

Liu was in Minneapolis for a residency as part of a doctorate program in business administration at the University of Minnesota's Carlson School of Management. Other than confirming Liu's participation in the program, the university has declined to comment further.

The program is for "top-level executives" working full-time in China. The current participants have worked for about 20 years and have an average age of 50, according to the university's website.

JD.com is China's second-largest online shopping site after Alibaba. It has been listed on the Nasdaq since 2014 and is worth more than $40 billion.

JD's shares fell 6% on Tuesday, their first day of trading since news of Liu's arrest emerged.

Liu started building his business about 20 years ago. JD's site sells everything from appliances and clothing to groceries and has a sprawling logistics network for quick delivery.

Major investors include Walmart, which owns a 10% stake, and Chinese tech giant Tencent, which holds 18%, according JD's latest annual report.

The business has made a fortune for Liu, who has an estimated net worth of around $7 billion, according to Bloomberg.

He owns nearly 16% of the company's shares and controls just under 80% of its voting rights, giving him huge sway over key decisions.

-- Nanling Fang and Sherisse Pham contributed to this report.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 256827

Reported Deaths: 5638
CountyCasesDeaths
DeSoto17331186
Hinds16373328
Harrison13731199
Rankin10854217
Jackson10557187
Lee8922141
Madison8335166
Jones6483112
Forrest6038120
Lauderdale5965187
Lowndes5425118
Lafayette503193
Lamar490865
Washington4826124
Bolivar4024109
Oktibbeha397681
Panola374680
Pontotoc369855
Monroe3591105
Warren3569100
Union348063
Marshall347769
Neshoba3413152
Pearl River3329103
Leflore3059107
Lincoln299386
Sunflower288271
Hancock282559
Tate274362
Alcorn267454
Itawamba265260
Pike264679
Scott250847
Prentiss248252
Yazoo247356
Tippah244450
Copiah243949
Coahoma242254
Simpson238368
Leake232966
Grenada220671
Covington215072
Marion215073
Adams207870
Wayne203232
Winston202667
George201939
Newton195044
Attala194659
Tishomingo191661
Chickasaw185744
Jasper174438
Holmes169168
Clay161335
Tallahatchie148235
Stone145921
Clarke141762
Calhoun137621
Smith122725
Yalobusha119134
Walthall112836
Noxubee111423
Greene111029
Montgomery110136
Carroll105321
Lawrence103217
Perry102831
Amite98826
Webster93924
Tunica87421
Claiborne86625
Jefferson Davis85827
Benton83323
Humphreys83324
Kemper78420
Quitman6969
Franklin67115
Choctaw61213
Wilkinson58825
Jefferson55419
Sharkey44017
Issaquena1596
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Alabama Coronavirus Cases

Cases: 429655

Reported Deaths: 6283
CountyCasesDeaths
Jefferson63040956
Mobile30794557
Madison27486201
Tuscaloosa20996268
Montgomery19352315
Shelby18833120
Baldwin16653184
Lee12749102
Morgan12389119
Etowah11861176
Calhoun11292201
Marshall10290113
Houston8746156
Limestone813276
Cullman8125106
Elmore7999104
DeKalb776599
Lauderdale768698
St. Clair7651121
Talladega6309108
Walker5954174
Jackson586341
Colbert539873
Blount537683
Autauga525755
Coffee450456
Dale402981
Franklin369948
Russell340711
Chilton338966
Covington332668
Escambia326043
Dallas308896
Chambers293170
Clarke287833
Tallapoosa2641107
Pike255230
Marion248953
Lawrence246649
Winston229535
Bibb218847
Geneva205446
Marengo202829
Pickens197531
Hale179542
Barbour176036
Fayette172928
Butler170858
Cherokee161930
Henry156523
Monroe149818
Randolph142135
Washington139126
Clay127645
Crenshaw121544
Cleburne119023
Lamar119021
Macon118637
Lowndes112036
Wilcox105121
Bullock101128
Perry99019
Conecuh95720
Sumter89626
Greene76623
Coosa61015
Choctaw51624
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