Dispute in arrest of Chinese billionaire

04 September, 2018, 01:04 | Author: Elaine Woods
  • Liu Qiangdong. also known as Richard Liu is the chief executive and founder of the e-commerce giant

Liu, the founder and CEO of Chinese e-commerce giant JD.com, is estimated to be the 16th-richest man in China. He was released after 4 p.m. Saturday, with records showing no posted bail.

Minneapolis police spokesman John Elder said Sunday he couldn't provide any details because the investigation is considered active.

The Minneapolis Police Department said the investigation remained active and would not confirm details of the arrest or the allegations against the 45-year-old Liu. "Milk Tea Sister" and Liu met while they were studying in New York City and later married in Australia.

"We're familiar with (Liu's) means and abilities".

"The decision was made not to hold him in custody while we conducted the investigation", Elder told Fox 9.

In an earlier statement posted to Chinese social media network Weibo, JD.com described the allegations as false.

Leaked images of iPhone Xs and Apple Watch Series 4 surface online
Apple's event comes a month after smartphone leader Samsung unveiled its latest flagship handset, the Galaxy Note 9. A new leak may have just revealed the design of the rumored Apple Watch Series 4 .

Farewell statement from Sen. John McCain
The McCain family had reportedly asked the president not to attend McCain's funeral even before he died this weekend at age 81. Capitol, meanwhile, remained at half-staff on Monday to honor the Arizona Republican, who died Saturday of brain cancer .

Scott Morrison Is Australia's New Prime Minister
The Liberal party is the senior partner in the ruling conservative coalition that will face an election by May 2019. He has been a longtime advocate for progressive social policies and action on climate change.

A spokeswoman for the University of Minnesota said Liu, who is enrolled as a student with the Carlson School of Management's doctor of business administration China program, was in Minneapolis to attend a weeklong residency, from August 26 to September 1.

The billionaire founder of one of China's largest internet companies was arrested last week in Minnesota for alleged sexual misconduct, spending the night in jail before being released the following afternoon.

In June, Google said it would invest $550 million in JD.com. JD.com is now testing drone deliveries in rural areas and recently unveiled a robot-run warehouse in Shanghai that can package 200,000 orders per day with the help of only four human engineers.

The company has been in and out of the red for the past year and last month reported a second-quarter net loss of $334.4 million - nearly twice market estimates - reflecting increased investment. In 1998, he spent 12,000 yuan ($1,760) of his savings to lease a four-square-metre retail space in Beijing's technology hub of Zhongguancun, setting up a firm that would become JD.com. The defendant was found guilty of seven offenses, according to a court document.

Police in the USA haven't released the name of the complainant but Chinese social media users circulated photos of a young woman whom they said was the victim.

The judge denied his request.

Recommended:



Popular

Trump Announces Pay Increase Freeze for Federal Employees
Cardin , a Maryland Democrat representing many federal workers living in the D.C. area, quickly criticized the move. The pay increases would cost the federal government at least an addition $25 billion, according to the president.

David Ferrer says so long; Andy Murray is here to stay
Wawrinka, the former world No 3, now down at 101, shrugged off having to take a medical time-out early in the third set. The 36-year old after the break, in a post-match conference, said the match will be his last at a Grand Slam tournament.

Serena And Venus Williams Prepare For Tennis Stardom In Unearthed 1991 Video
The No. 31 seed Verdasco took down the world's former No. 1 in four sets, beating Murray, 7-5, 2-6, 6-4, 6-4, in the second round. Serena is No. 26, playing in only the seventh tournament since she was off the tour for more than a year while having a baby.

Tributes Pour in for Senator John McCain, But Not From Trump
Former McCain campaign chairman Rick Davis outlined plans for five days of memorials to McCain, who died Saturday at age 81. Trump and McCain had a tense relationship, and McCain was one of the administration's most outspoken Republican critics.

Generals accused, Suu Kyi slammed for 'Rohingya genocide'
Myanmar has denied allegations made by refugees, saying its troops engaged in lawful counterinsurgency operations against Muslim militants.

Neil Simon, giant of American stage, dies aged 91
The brains behind more than 30 plays, 20 screenplays and 5 musicals, Time magazine dubbed him the "patron saint of laughter". Marvin Neil Simon was born in the Bronx, New York , on 4 July 1927 He had one brother, Danny Simon, eight years his senior.

Bolton says warned Russian envoy against election meddling in 2018
So this is not negotiation, but dictatorship. "The Iranian nation would stand up against dictatorship", he was quoted as saying. Bolton said on Thursday that Putin shared the U.S. goal of getting Iranian forces out of Syria.

Sky Pundit Dismisses 'Struggling' Newcastle's Chances Of Getting A Result Against Chelsea
Asked if Hazard will start against Newcastle, Sarri said: "I don't know". 'I think he will remain with us. Maurizio Sarri says he is unsure whether Eden Hazard is ready to play a full 90 minutes for Chelsea .

Hurricane Lane path: Hawaii under THREAT - latest school closures and evacuation orders
David Ige signed an emergency proclamation to put the state in position to lend support to county emergency responders. The National Weather Service issued a hurricane warning Tuesday evening for the Big Island (Hawaii island).

Putin news conference drove Michael Cohen away from Trump
Mueller's investigation, which began in May 2017, has resulted in the indictment of more than 30 people and five guilty pleas. In the end, only a tiny fraction of the seized material was found to be covered by the privilege, according to court filings.