Chinese billionaire returns home after arrest in the USA for ‘assaulting woman’

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Liu Qiangdong, one of the richest men in China, was arrested on sexual-misconduct allegations over the weekend during a trip to the US.

Liu, 45, was arrested on August 31, 2018 by the Minneapolis police for alleged sexual misconduct and released the following afternoon.

The Minneapolis Police Department had not yet decided Sunday if it would bring charges against Liu, spokesman John Elder told The Washington Post.

In a statement posted on Chinese social media network Weibo, JD.com confirmed that Mr Liu had been arrested over what it described as a false allegation during a business trip. It appeared to contradict U.S. police by adding authorities found no evidence of misconduct and released Liu to continue his trip.

JD.com, the company in which Liu has a large controlling stake, told the Reuters news agency on Monday that he was back in China and back at work.

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Reports in China suggested 44-year-old Liu, who is worth $8 billion, was arrested for allegedly assaulting a Chinese student at the University of Minnesota.

"He has been released without any charges and without requirement for bail", a spokeswoman for the company said in a statement.

The company is backed by Walmart Inc, Alphabet Inc's Google and China's Tencent Holdings.

Business Insider has contacted JD.com for further comment.

In June, Google said it would invest $550 million in JD.com. The accusation could also be a test of JD.com's stability, as well as the ability of a Chinese technology company to rebound from the problems of its leaders. He is also known for his marriage to Chinese internet celebrity Zhang Zetian.

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Earlier this year, Liu attempted to suppress information about a sexual assault that occurred after a 2015 party at his Australian home. Elder said it is his understanding that Liu is still in the United States.

Longwei Xu, a property developer, was later found guilty of seven counts.

Trade in JD.com shares is set to resume on Tuesday as USA markets are closed for the Labor Day holiday on Monday.

Liu was apparently in Minneapolis because he is enrolled as a student at the University of Minnesota's Carlson School of Management in its Doctor of Business Administration China program.

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