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

Charlene Craig
September 3, 2018

Billionaire and founder Richard Liu returned to China on Monday after a brief arrest in the U.S. for alleged sexual misconduct.

Richard Liu, founder and CEO of Chinese online retail giant, was arrested over misconduct allegations on Friday and released the next day.

However, the case is still active-and Minneapolis Police Department spokesman John Elder told the Journal that Liu was "released pending formal complaint". said in a statement on Sunday on social media that Liu was falsely accused while in the USA on a business trip, but police investigators found no misconduct and that he would continue his journey as planned.

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The Chinese e-commerce firm has alliances with Tencent and Walmart.

JD said it planned to make a selection of items available for sale in places like Europe and the United States through Google Shopping, which allows shoppers to search for products and compare prices on different e-commerce sites.

As aims to spread beyond Asia, Liu has lately sought to raise his profile among global business leaders., has said that the accusation against Liu, 45, was unsubstantiated. While Liu was not accused of wrongdoing, he asked an Australian court to block release of his name, citing potential harm to his company and marriage, the Times reported.

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Liu's company released a statement that denied he had done anything wrong.

An Australian court revealed in July that the chief executive had sought to hide information in the wake of a sexual assault that happened after a 2015 party at his Australian residence, according to the New York Times. The #MeToo movement that has highlighted sexual misconduct has derailed the careers of well known entertainers, corporate executives and politicians in the United States and other countries, and has begun to find traction in China too.

Liu is married to 24-year-old Zhang Zetian, an internet icon who rose to nationwide fame when a photo of her holding a cup of milk tea went viral. The defendant was found guilty of seven offenses, according to a court document. Liu grew up in a poor part of eastern China before attending the prestigious Renmin University in Beijing.

The University of Minnesota said Liu was a student in its doctor of business administration programme, which primarily takes place in Beijing in partnership with Tsinghua University aimed at full-time executives.

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