JD.com CEO returns to China after arrest and release in US sexual misconduct case - Business News - News Summed Up

JD.com CEO returns to China after arrest and release in US sexual misconduct case - Business News


"We don't know if there will be charges or not because we haven't concluded an investigation," John Elder, a spokesman for the Minneapolis Police Department, told Reuters on Sunday. "I'm not aware of any other company that has similar rules," said Chris Leahy, co-founder of advisory firm Blackpeak and a corporate governance expert. In 1998, he spent 12,000 yuan ($1,760) of his savings to lease a four-square-meter 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.Trade in JD.com shares is set to resume on Tuesday as U.S. markets are closed for the Labor Day holiday on Monday. ($1 = 6.8218 Chinese yuan) - Reuters


Source: The Star September 03, 2018 22:52 UTC



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