Please select To the mobile version | Continue to access the desktop computer version
| |
| | |

Discuz! Board

 Forgot password?
View: 3245|Reply: 0

New revelations in case of Chinese billionaire show he was arrested on suspicion of rape in U.S.

[Copy link]







Website Editor

Rank: 8Rank: 8


 Hong Kong

Post time: 2018-09-12 11:47:01
| Show all posts |Read mode

Richard Qiangdong Liu, chief executive of, celebrates the IPO for his company at the Nasdaq MarketSite in New York on May 22, 2014 . (Mark Lennihan/AP)
BEIJING —  New revelations Wednesday that Minnesota police arrested Chinese billionaire Richard Qiangdong Liu on suspicion of rape rather than assault have intensified scrutiny on the high-profile case as stocks in, one of China’s largest online retailers, plummeted.

Liu, the 45-year-old founder and chief executive of the e-commerce giant, was in Minneapolis for a business program at the University of Minnesota when news broke about his brush with American law enforcement. He was arrested Friday but released the next day. He then returned to China.

A police report obtained by The Washington Post confirmed the specifics of the accusation against the technology magnate, which officers had initially described as sexual assault, a term that covers a range of unwanted contact. The report also indicated that body-camera footage was recorded.

Police released no further details and said the investigation remains open.'s stock plummeted to a 18-month low in the United States soon after Liu’s return to China, with shares closing down 6 percentTuesday on the Nasdaq.

Corporate documents show that Liu holds almost 80 percent of the voting rights of the company he founded in 2004, which reported a slim $18 million in profits last year on revenue of $55.7 billion.

Liu has made no public statement about the incident in Minneapolis, but has maintained that the company head stands falsely accused of the crime.

"He has been released without any charges, and without requirement for bail," the firm said in a statement." Mr. Liu has returned to work in China.”

China’s Foreign Ministry told reporters this week that it would look into the details of his arrest.

Liu's name has been trending on Weibo, China's answer to Twitter, for four straight days. By Wednesday, more than 20 million users were talking about his case on the platform.

As people speculated about what happened in the Midwestern state, the chief executive grinned for a camera Tuesday at's Beijing headquarters.

Photos blazed across the Internet showing Liu meeting with executives from the textile producer Ruyi, which, according tostate news media, had just unveiled a partnership with

Meanwhile, Liu"s mug shot from Minneapolis was also going viral.

Some Weibo commenters slammed Liu for what they suggested was phony behavior at work.

"Life is a drama," user Quanshishuaige wrote,  "and it all depends on acting skill."

Others called his arrest a setup.

"Support Liu Qiangdong," wrote Weibo user KEN200371. "He has offended many rich and powerful people. He was framed in the United States"

The negative attention comes at a critical business moment for Liu.

Two months ago, Google announced that it had invested $550 million in and planned to partner with the Chinese online retailer in the United States.

And in August, and Walmart, which has had a stake in the Chinese company since 2016, began working together on delivering groceries ordered by smartphone.

The moves are part of"s push for international dominance over domestic archrival Alibaba, the online retailer founded by celebrity billionaire Jack Ma.

Liu is known as the brasher of the two moguls with rags-to-riches stories —their lives are closely followed here, similarly to Americans’ interest in Elon Musk — and caught flak from his legal woes this week in Chinese state media.

"Chinese entrepreneurs should keep themselves clean, because their reputation stands not only for themselves, but also for Chinese brands and companies,"  an anonymous source told the Global Times, which often reflects government views.

The Minnesota incident was not the first reputational crack for Liu.

Earlier this year, an Australian court denied his request to suppress records showing that a property developer was convicted of a sexual assault that happened after a 2015 party at Liu's home in Sydney, the New York Timesreported. (Liu was not accused of any wrongdoing.)

The billionaire is known to give blunt career advice on the subject of crime. At a March news conference, Liu cautioned young professionals in the crowd not to break any laws.

“Do not get yourselves put into jail for breaking laws when your businesses become successful and make profits," he said, "or your wives and your children would live with other people with your money.”

This post contains more resources

You have to Login for download or view attachment(s). No Account? Register


Use magic Report

You have to log in before you can reply Login | Register

Points Rules

QQ|Archive|Mobile|Dark room|

2020-03-31 16:59 GMT+8 , Processed in 0.113647 sec., 12 queries .

Powered by Discuz! X3.4

Release 20180101, © 2001-2020 Comsenz Inc.

MultiLingual version, Rev. 873, © 2009-2020

Quick Reply To Top Return to the list