Chinese Billionaire Arrested in Minneapolis, Later Released

Liu Qiangdong. also known as Richard Liu is the chief executive and founder of the e-commerce giant

Founded in 1998, JD.com is an e-commerce juggernaut in China and the main competitor to industry leader Alibaba.

The billionaire founder of one of China's largest internet companies was arrested last week in Minnesota for alleged sexual misconduct, spending the night in jail before being released the following afternoon. Elder declined to provide any further details on the case to Business Insider "because this is an active criminal investigation".

Minneapolis police spokesman John Elder said Sunday that he couldn't provide any details because it remains an active investigation.

It said Liu had been participating in a business activity at the time when false accusations were made against him, and that a police investigation had not found any inappropriate behavior.

Later Sunday, Elder confirmed Liu was released from custody around 4 p.m. Saturday.

"Mr. Liu has returned to work in China".

These Rangers Fans Agree With Gerrard's Words Post Celtic
The 38-year-old has been a free agent since the Baggies released him in the summer following relegation from the Premier League. The Northern Ireland global was a free agent after leaving West Brom in the summer.

Prince Harry skips royal tradition to avoid upsetting Meghan Markle
While posing with the cast of the musical after their performance, Meghan in particularly delighted the group. As well as Australia, they will also be going to Fiji, the Kingdom of Tonga and New Zealand.

Asia Argento removed as jury of 'X Factor Italy'
The report details that Argento paid Bennett a $380,000 settlement in the matter . "It wasn't hard to say or support", she writes.

"If the board isn't quorate without Richard Liu, if he is unable to attend, and if there are no other provisions that offer a way round that, the company could become ungovernable", he said.

The company did not say what Liu was doing in Minnesota, although he is reportedly a student in a Doctor of Business Administration program at the University of Minnesota, which runs the course in conjunction with the Tsinghua University School of Economics and Management in Beijing. JD.com is now testing drone deliveries in rural areas and recently unveiled a robot-run warehouse in Shanghai that can package 200,000 orders per day with the help of only four human engineers.

The Minneapolis arrest wasn't the only harsh spotlight on Liu this year. Liu was not charged or accused of any misconduct, however, he did end up losing a legal battle earlier this year to keep his name out of the records and the press.

In that case, Liu had hosted a party in late 2015 at his luxury home in Sydney, after which one of his guests accused another guest of sexually assaulting her at a hotel.

In June, Google announced it would invest more than half a billion dollars into JD.com as part of a move to expand retail services around the world.

The judge denied his request.

Related news:

Hot News

isis-killer-beheading-video-story-top Trump Gets Labor Day Off to a Feisty Start
Sep 04, 2018 - 00:40
Donald Trump said there is "no political necessity" to keep Canada in the NAFTA agreement if a "fair deal" can not be reached. Continetti said the key to Trump's recent trade negotiations was concentrating on Mexico and leaving Canada to one side.

isis-killer-beheading-video-story-top China Pledges Fresh $60 bln to Africa, says No Political Strings Attached
Sep 04, 2018 - 00:31
China has poured billions in loans for roads, railways, ports and other major infrastructure projects in Asia and Africa. The delegations are largely led by Presidents or Prime Ministers who started arriving in China since late last week.

isis-killer-beheading-video-story-top Day 12 of the Asian Games
Sep 03, 2018 - 01:52
Hosts Indonesia increased their gold medal tally to 30 overall after claiming a further six titles in pencak silat today. Ng failed a test for the weight-loss drug sibutramine at the Southeast Asian Games in Kuala Lumpur in August 2017.

isis-killer-beheading-video-story-top Destiny 2: Forsaken Release Date, Pre-Order, Updates
Sep 03, 2018 - 01:04
As for the games quality, God of War 3 is a fantastic hack and slash blockbuster and the culmination of the original Kratos saga. With Fall on the horizon, we have many new games coming on the road to Broketober and the Holidays.

isis-killer-beheading-video-story-top Bears expected to pay Khalil Mack more than Aaron Donald after trade
Sep 03, 2018 - 00:35
In fact, now that an agreement has been reached to trade him to the Chicago Bears, they won't see him much at all. The Bears might very well be a playoff contender and end up doing something insane , like winning the division.

isis-killer-beheading-video-story-top Roxanne Pallett QUITS Celebrity Big Brother house following Ryan Thomas drama
Sep 02, 2018 - 02:02
She said he punched her "repeatedly, unprovoked", adding in tears: "He actually punched me like a boxer would punch a bag". Thomas, 34, said there was no "malice" in his actions, with some viewers arguing that the incident was only play-fighting.

isis-killer-beheading-video-story-top Costa Coffee SOLD to soft drinks giant Coca-Cola in shock £4bn deal
Sep 02, 2018 - 02:00
Doing so, Whitbread said, would "provide headroom" to further expand the Premier Inn budget hotel chain in Britain and Germany. As well as hotels, its remaining Premier Inn business also runs the Brewers Fayre and Beefeater pub and restaurant brands.

isis-killer-beheading-video-story-top Roger Federer defeats Yoshihito Nishioka at US Open and 'jokes' about retiring
Sep 02, 2018 - 01:57
Again, though, Federer offered up the chance to return the favour-a break point and a double fault-but eventually held for 4-2. De Minaur took the opening two sets, including a bagel in the second, before Tiafoe fought back to make it 2-1.

isis-killer-beheading-video-story-top Almost 3,000 deaths in Puerto Rico linked to Maria
Sep 02, 2018 - 01:16
A study by Harvard University earlier this year estimated around 4,600 had died in the three months following the storm. Rossello pledged to carry out the recommendations, though there are questions about Puerto Rico's ability to do so.

isis-killer-beheading-video-story-top Apple Announces Event on September 12, New iPhones Are Expected
Sep 02, 2018 - 01:15
The new Apple Watch models will include larger screens that cover almost the entire front of the watch. Apple shares were up 2.2 per cent on Thursday at an all-time high of US$227.97.

isis-killer-beheading-video-story-top Michael Owen backs Manchester United to bounce back against Burnley
Sep 02, 2018 - 01:00
Mourinho said. "Just as an example, Hegel says the truth is in the whole, it's always in the whole that you find the truth". Brazil legend Ronaldo has said Manchester United must be cautious about manager Jose Mourinho's future.

isis-killer-beheading-video-story-top California lawmakers vote to pass toughest 'net neutrality' law
Sep 02, 2018 - 00:51
The measure is scheduled for votes in the Senate and Assembly Friday night following months of contentious negotiations. The bills intentionally lack specifics about what reasonable security features the devices must have, Sen.

isis-killer-beheading-video-story-top Liverpool to host Chelsea in third round of the Carabao Cup
Sep 02, 2018 - 00:46
Arsenal , who lost to City in last season's final, face Brentford while Tottenham will host Watford . Round three fixtures include the Premier League clubs involved in European competition.

isis-killer-beheading-video-story-top New York Yankees Land Andrew McCutchen in Trade With San Francisco Giants
Sep 01, 2018 - 04:08
While everyone was sleeping, the Yankees agreed to a trade with the San Francisco Giants to acquire McCutchen. McCutchen is hitting.255 with 15 home runs, 55 RBIs and 13 stolen bases in his first season with the Giants.

isis-killer-beheading-video-story-top Lyon strike deal for Celtic forward Dembele
Sep 01, 2018 - 02:28
Lyon announce the signing of Celtic and France Under-21 striker Moussa Dembele on a five-year deal for a €22m (£19.7m) fee. The Frenchman took to social media to show how displeased he was at not being allowed to leave the Scottish champions.