Tech billionaire returns to China after US arrest

Tech billionaire and JD.com founder Richard Liu has returned to China, the company said Monday, following a brief arrest in the US over allegations of criminal sexual conduct. JD.com, the company which Liu founded in 1998, is an e-commerce juggernaut in China and the main competitor to industry leader Alibaba. Liu, also known by his Chinese name Liu Qiangdong, was arrested over the misconduct allegations late Friday and released Saturday afternoon in the midwestern US city of Minneapolis, records from Hennepin County Jail showed.

from Yahoo News - Latest News & Headlines https://yhoo.it/2Q1KGlN
via Yahoo News