JD.com CEO was arrested on allegation of rape: U.S. police report

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Minneapolis Police Department spokesman John Elder said on Tuesday that if there were any charges against Mr Liu, they would not be filed until completion of a criminal investigation that would not occur before Friday.

A Chinese e-commerce giant says its billionaire founder, Liu Qiangdong, has returned to China after his arrest in the US on suspicion of criminal sexual conduct.

China's foreign ministry said Monday that the Chinese Consulate in Chicago is looking into the circumstances surrounding Liu's arrest. The jail records don't provide details of the alleged incident.

Liu returned to China following his release and showed up at JD.com's Beijing headquarters on Tuesday morning to sign a strategic partnership with Chinese textile manufacturer Ruyi Group. He has been released without any charges, and without requirement for bail.

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Minnesota law defines five degrees of criminal sexual misconduct, ranging from a gross misdemeanor to felonies, covering a broad array of conduct ranging from nonconsensual touching to violent assaults with injuries.

Liu appeared at an event in Beijing on Tuesday for JD.com, and his attorney, Earl Gray, an attorney for Liu, doesn't expect Liu to face charges. It appeared to contradict United States police by adding authorities found no evidence of misconduct and released Liu to continue his trip. JD has not commented on the ongoing investigation but said in previous statements that the police had not found any misconduct in their probe into Liu.

During Liu's trip last week in the US, he was studying at the University of Minnesota for a Ph.D. program offered by the university's Carlson School of Management, according to Bloomberg News.

Watch JD.com trade in real time here.

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Three American law firms are organizing class action lawsuits on behalf of the shareholders of Chinese e-commerce giant JD.com after rape allegations against the company's chairman caused its share prices to tumble.

Liu's arrest comes as the billionaire is still trying to distance himself from the sexual assault conviction of one of his party-goers at a gathering he hosted in his luxury Sydney penthouse in 2015.

Liu, who is worth an estimated $7.3 billion, owns 16 percent of the company and has vast control over major business decisions.

If the U.S. police accuse Liu, the company's share price would continue to fall, but it was predicted that there would not be a sharp crash due to an already sharp decline this year, Reuters quoted Danny Law, an analyst at brokerage Guotai Junan as saying.

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