JD founder's case storms social media

0 Comment(s)Print E-mail China Daily, September 3, 2018
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China's e-commerce giant JD.com said in a statement on its weibo account on Sunday that its founder and CEO Liu Qiangdong, also known as Richard Liu, was falsely accused while in the US on a business trip.

The statement said local police found no misconduct and that Liu would continue his trip as planned.

"We will take the necessary legal action against false reporting or rumors," the company said.

Jail records of Hennepin County, Minneapolis show a man named Liu Qiangdong, who was born on March 10, 1973, was arrested in Minneapolis, Minnesota, on suspicion of criminal sexual conduct.

Liu was arrested at 11:32 pm on Aug 31, and released pending compliant at 4 pm, Sept 1, according to records of the jail.

JD.com, the main rival to Alibaba Group, is backed by Walmart Inc, Alphabet Inc's Google, and China's Tencent Holdings Ltd.

The company has not performed well recently, with net profit down 51.04 percent based on non-GAAP, according to the company's Q2 fiscal report released on Aug 16.

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