{"id":9805,"date":"2018-09-02T10:26:32","date_gmt":"2018-09-02T17:26:32","guid":{"rendered":"https:\/\/lapost.us\/?p=9805"},"modified":"2018-09-02T15:24:02","modified_gmt":"2018-09-02T22:24:02","slug":"jd-com-ceo-released-by-minnesota-police-after-arrest-on-alleged-sexual-misconduct","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=9805","title":{"rendered":"JD.com CEO Released by Minnesota Police After Arrest on Alleged Sexual Misconduct"},"content":{"rendered":"<header class=\"article_header module\">\n<div class=\"zonedModule\" data-module-id=\"17\" data-module-name=\"article.app\/lib\/module\/articleHeadline\" data-module-zone=\"article_header\">\n<div class=\"wsj-article-headline-wrap \">\n<h2 class=\"sub-head\">E-commerce company JD.com says CEO Liu Qiangdong was released after what it says was a false accusation; Minneapolis Police say the case remains open<\/h2>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"column at8-col8 at12-col7 at16-col9 at16-offset1\">\n<div class=\"module\">\n<div class=\"zonedModule\" data-module-id=\"16\" data-module-name=\"article.app\/lib\/module\/articleBody\" data-module-zone=\"article_body\">\n<div id=\"wsj-article-wrap\" class=\"article-wrap\" data-sbid=\"SB11637141075399034232804584446930183110084\" data-immersiveads=\"\">\n<div id=\"realtor\" class=\"wsj-body-ad-placement\">\n<div class=\"wsj-body-ad \">\n<div id=\"wsj-body-AD_RE\" class=\"wsj-responsive-ad-wrap wsj-ad-article-body\" data-ad-options=\"{&quot;adId&quot;:&quot;AD_RE&quot;,&quot;adUnitPath&quot;:&quot;\/2\/interactive.wsj.com\/tech_article&quot;,&quot;adSize&quot;:[[700,82],[700,150],[540,82],[540,150]],&quot;adSizeMap&quot;:{&quot;at8units&quot;:[[540,82],[540,150]],&quot;at12units&quot;:[[540,82],[540,150]],&quot;at16units&quot;:[[700,82],[700,150]]},&quot;autoRefresh&quot;:false,&quot;adTargeting&quot;:{&quot;metazone&quot;:null,&quot;msrc&quot;:null,&quot;circ&quot;:&quot;fullarticle&quot;,&quot;bkuuid&quot;:null},&quot;disableRefresh&quot;:false}\" data-tracking=\"interactive.wsj.com\/tech_article\" data-is-logged-in=\"\" data-cb-ad-id=\"RealtorAd\"><\/div>\n<\/div>\n<\/div>\n<div class=\"is-lead-inset\">\n<div class=\"media-object type-InsetMediaIllustration header header\" data-layout=\"header \" data-layout-mobile=\"\">\n<div class=\"media-object-image enlarge-image renoImageFormat-GR img-header\">\n<div class=\"image-container responsive-media\" data-mobile-ratio=\"65.2174%\" data-layout-ratio=\"65.2174%\" data-subtype=\"photo\"><img decoding=\"async\" title=\"JD.com CEO Liu Qiangdong attending a business forum in Hong Kong in June 2017.\" src=\"https:\/\/si.wsj.net\/public\/resources\/images\/B3-BO965_0902CE_GR_20180902064059.jpg\" sizes=\"(max-width: 140px) 100px, (max-width: 540px) 500px, (max-width: 860px) 820px, 1260px\" srcset=\"https:\/\/si.wsj.net\/public\/resources\/images\/B3-BO965_0902CE_D_20180902064059.jpg 140w, https:\/\/si.wsj.net\/public\/resources\/images\/B3-BO965_0902CE_G_20180902064059.jpg 540w, https:\/\/si.wsj.net\/public\/resources\/images\/B3-BO965_0902CE_GR_20180902064059.jpg 860w, https:\/\/si.wsj.net\/public\/resources\/images\/B3-BO965_0902CE_M_20180902064059.jpg 1260w\" alt=\"JD.com CEO Liu Qiangdong attending a business forum in Hong Kong in June 2017.\" data-enlarge=\"https:\/\/si.wsj.net\/public\/resources\/images\/B3-BO965_0902CE_M_20180902064059.jpg\" \/><\/div>\n<div class=\"wsj-article-caption\"><span class=\"wsj-article-caption-content\">JD.com CEO Liu Qiangdong attending a business forum in Hong Kong in June 2017.<\/span>\u00a0<span class=\"wsj-article-credit\"><span class=\"wsj-article-credit-tag\">PHOTO:\u00a0<\/span>REUTERS<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"clearfix byline-wrap\">\n<div class=\"comments-count-container\"><\/div>\n<div class=\"byline\"><\/div>\n<p>Liu Qiangdong, the billionaire chief executive of Chinese e-commerce giant\u00a0<a href=\"http:\/\/quotes.wsj.com\/JD\">JD.com<\/a>\u00a0<span class=\"company-name-type\">Inc.,<\/span><a class=\"media-object-chiclet up \" href=\"http:\/\/quotes.wsj.com\/JD?mod=chiclets\" data-channel=\"\/quotes\/zigman\/32608352\/composite\" data-symbol=\"JD\" data-changepercent=\"0.97\">JD\u00a00.97%\u00a0<\/a>was arrested Friday in Minnesota on suspicion of sexual misconduct but released after what the company said was a false accusation.<\/p>\n<\/div>\n<div class=\"article-content \">\n<p>\u201cDuring a business trip to the United States, Mr. Liu was questioned by police in Minnesota in relation to an unsubstantiated accusation,\u201d the company said Sunday in a statement. \u201cThe local police quickly determined there was no substance to the claim against Mr. Liu, and he was subsequently able to resume his business activities as originally planned.\u201d<\/p>\n<div id=\"cx-read-next-mobile\"><\/div>\n<div class=\"paywall\">\n<p>John Elder, public information officer for the Minneapolis Police Department, said a man he identified as Qiang Dong Liu had been arrested on a sexual misconduct allegation and released, but said the case remains open.<\/p>\n<p>\u201cThis is an active investigation,\u201d Mr. Elder said. \u201cThat individual was released pending formal complaint.\u201d<\/p>\n<p>Mr. Elder said Mr. Liu was held on probable cause before being released, with no bail being set. Investigators in Minnesota can either hold a person for up to 36 hours before charging them, or release them and continue an investigation.<\/p>\n<p>\u201cWe can charge him anytime up to the statute of limitations running out,\u201d Mr. Elder said. Depending on the details of the crime, criminal sexual conduct could either be a gross misdemeanor or a felony, he said.<\/p>\n<p>The local Hennepin County Sheriff\u2019s website shows Qiang Dong Liu born on March 10, 1973, was arrested at 11:32 p.m. Friday on suspicion of criminal sexual conduct and released the next day at 4:05 p.m.<\/p>\n<p>The JD.com chief executive, who also uses the Western name Richard Liu, was born March 10, 1973, records show.<\/p>\n<p>A spokeswoman for JD.com declined to comment beyond the company statement, and declined to say what Mr. Liu\u2014whose company is based in Beijing\u2014was doing in Minnesota.<\/p>\n<p>On the Chinese social media site Weibo, a user posted a photo early Sunday of Mr. Liu speaking at the University of Minnesota\u2019s Carlson School of Management. The Carlson school didn\u2019t immediately respond to requests for comment, and the post has since been taken down.<\/p>\n<p>Mr. Liu made his fortune selling online goods to China\u2019s growing numbers of middle class and affluent consumers, and Forbes pegs his net worth at about $7.9 billion.<\/p>\n<p>Earlier this year, Mr. Liu tried to keep his name out of a criminal case in Australia, where a man was accused of sexually assaulting a woman he had met at a party at Mr. Liu\u2019s Sydney home in 2015.<\/p>\n<p>Mr. Liu wasn\u2019t accused of wrongdoing. He had sought a suppression order in the case, citing potential damage to his business and marriage. Mr. Liu is married to Zhang Zetian, who had gained fame as \u201cSister Milk Tea\u201d when a photo of her holding the beverage went viral on the internet.<\/p>\n<p>JD.com is one of China\u2019s leading e-commerce sites, providing online delivery of food and merchandise. Shares of the Nasdaq-listed company have fallen 28% this year, even though the company says active customer accounts increased by 22% to 313.8 million in the 12 months ended June 30, from 258.3 million in the year-earlier period.<\/p>\n<p>Its investors include\u00a0<a href=\"http:\/\/quotes.wsj.com\/TCEHY\">Tencent Holdings<\/a>\u00a0<span class=\"company-name-type\">Ltd.<\/span>\u00a0, which held an 18% stake as of February. Mr. Liu owns 17% and\u00a0<a href=\"http:\/\/quotes.wsj.com\/WMT\">Walmart<\/a>\u00a0<span class=\"company-name-type\">Inc.<\/span>\u00a0holds a 10% stake, according to public filings.<\/p>\n<p>In June, JD took on another prominent U.S. company as an investor, with\u00a0<a href=\"http:\/\/quotes.wsj.com\/GOOGL\">Alphabet<\/a>\u00a0<span class=\"company-name-type\">Inc.\u2019s<\/span>Google announcing a $550 million investment into the firm, giving the tech giant\u00a0<a class=\"icon none\" href=\"https:\/\/www.wsj.com\/articles\/google-invests-550-million-in-chinese-online-shopping-site-jd-com-1529310027?mod=article_inline\">about a 1% stake.<\/a><\/p>\n<p>Mr. Liu founded the company in 1998 with 12,000 yuan of his savings, selling compact discs and other goods from a physical store. He moved online in 2004, focusing initially on consumer electronics and then expanding to include groceries, apparel and other products.<\/p>\n<p>JD.com has sought to differentiate itself from other Chinese e-commerce players by building up a strong logistics network of its own, similar to\u00a0<a href=\"http:\/\/quotes.wsj.com\/AMZN\">Amazon.com<\/a>\u00a0<span class=\"company-name-type\">Inc.<\/span><\/p>\n<p>In its early days, the company attracted investments from Tiger Global Management and Sequoia Capital China. JD.com received its strongest boost in 2013 when Saudi Arabian investment company Kingdom Holding Co. and its Chairman Prince al-Waleed bin Talal put in $250 million into the company.<\/p>\n<p>That stake rose 130% about a year later, on JD.com\u2019s first trading day on the Nasdaq.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>E-commerce company JD.com says CEO Liu&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-9805","post","type-post","status-publish","format-standard","hentry","category-u-s-a"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/9805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9805"}],"version-history":[{"count":4,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/9805\/revisions"}],"predecessor-version":[{"id":9816,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/9805\/revisions\/9816"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}