JD.com’s Billionaire CEO Released After US Arrest

Richard Liu, founder and chief executive officer of e-commerce company JD.com, leaves the Great Hall of the People after the opening session of the National People's Congress (NPC) in Beijing, China March 5, 2018. Reuters/Stringer
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BEIJING—The billionaire founder and chief executive of Chinese e-commerce giant JD.com Inc., Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released after what the company said was a false accusation.

JD.com, backed by Walmart Inc., Alphabet Inc.’s Google, and China’s Tencent Holdings, said in a statement on Sept. 2 that Liu, whose Chinese name is Liu Qiangdong, was falsely accused.