China's billionaire back home after arrest in US

BEIJING: Billionaire and JD.com founder Richard Liu returned to China on Monday after a brief arrest in the US for alleged sexual misconduct.

Liu, 45, was once arrested on August 31, 2018 through the Minneapolis police for alleged sexual misconduct and launched the next afternoon.

“He has been launched with none charges, and without requirement for bail. Liu has returned to work in China, JD.com mentioned in a remark on Monday.

China's international ministry mentioned that it was once having a look into the cases surrounding the arrest of Liu.

The Chinese Consulate in Chicago was once “carefully following the related situation” and trying to verify info in regards to the situation, ministry spokeswoman Hua Chunying mentioned at a news convention on Monday.

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

Like Jack Ma, Richard Liu made history in China with his rags to riches tale.


Born right into a poor farming family in northern Jiangsu province, Liu is arguably less well known out of doors China not like Jack Ma, Tencent Holdings' Pony Ma Huateng and Baidu's Robin Li Yanhong, who lately made to the duvet of the Time magazine.


Liu started his business through opening a counter store in Beijing selling computer portions.


He had to close it down in 2003 after serious acute respiratory syndrome struck China causing people to stick at home for worry of catching the deadly disease, the Hong Kong based totally South China Morning Post reported.


Earlier in a remark posted to Chinese social media network Weibo, JD.com described the allegations on its founder as false.
China's billionaire back home after arrest in US China's billionaire back home after arrest in US Reviewed by Kailash on September 04, 2018 Rating: 5
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