JD.com's Billionaire CEO Will Not Be Charged With Sexual Assault

In September, JD.com's billionaire founder, Richard Liu, was accused of rape nearly four months ago by a young Chinese student at the University of Minnesota. He was reportedly in Minneapolis for his studies since he is a doctoral student at the university. According to The New York Times, 'the Hennepin County attorney's office said that it did not find enough evidence to pursue a sexual assault case against Mr. Liu (Warning: source may be paywalled; alternative source).' From the report: The office of the Hennepin County Attorney said that it did not find enough evidence to pursue a case against Mr. Liu, a 45-year-old internet tycoon who was arrested by Minneapolis police in the early morning of Sept. 1 but was released within hours and allowed to return to China. The decision could bring Mr. Liu, who founded and leads the e-commerce behemoth JD.com, back to a more visible role at the company. JD.com's stock has slumped since the accusations were revealed, and Mr. Liu, whose Chinese name is Liu Qiangdong, has skipped several public engagements.

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