• Richard Liu, the billionaire founder of China’s online retail giant JD.com, is under investigation in the U.S. for alleged criminal sexual conduct. He was arrested late Friday in Minneapolis, Minnesota, and was released the following afternoon while the police seek to determine whether the case warrants charges. Details of the case have not yet emerged. The company issued a statement saying that Mr. Liu was falsely accused, but any legal trouble could darken perceptions of JD.com, which is worth about $50 billion.

Source: New York Times September 02, 2018 20:06 UTC