JD.com billionaire Liu Qiangdong was arrested in the US over an accusation of rape, police records say (JD)

Hennepin County Sheriff’s Office via AP

• Liu Qiangdong was detained for 16 hours in Minneapolis over the weekend over an unspecified sexual misconduct allegation.
• He was ultimately released with no charge and no bail requirement. He has since returned to China.
• New police records have shown that the accusation leading to his arrest was one of rape.
• Details on the allegation are scant. Police said the investigation is ongoing.
• Liu had been in Minneapolis to attend a business management course at the University of Minnesota.
• JD.com shares fell following news of the CEO's arrest.

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Liu Qiangdong, the billionaire founder and CEO of Chinese e-commerce giant JD.com, was arrested in the US over a rape accusation, police records say.

The 45-year-old, who was briefly detained in Minneapolis over the weekend, faces a first-degree felony if he is charged with the crime, the Associated Press and the South China Morning Post reported on Wednesday, citing police records.

See the rest of the story at Business Insider

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