Billionaire Founder of JD.com Arrested on Sexual Misconduct Claims

A Chinese billionaire was arrested in Minneapolis late Friday on suspicion of criminal sexual conduct, the AP reports. Liu Qiangdong, also known as Richard Liu, founder of Beijing-based e-commerce site JD.com, was released Saturday. Minneapolis police wouldn't give details due to the ongoing investigation and told Reuters charges could be filed, but in a statement posted Sunday, JD.com says Liu, 45, was in the US on a business trip when false accusations were levied against him. The statement, posted to Chinese social media site Weibo, claims investigators found no evidence of misconduct and that Liu's trip would continue as planned. "We will take the necessary legal action against false reporting or rumors," the statement says. JD.com is the Alibaba Group's main rival. (More sexual misconduct stories.)