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>> The billionaire founder and CEO of China's e-commerce giant,, Richard Lu, arrested in Minnesota on suspicion of criminal sexual conduct. And was later released after what his company said on Sunday was a false accusation. In a statement, representatives from said quote during a business trip to the United States, Mr. Liu was questioned by police in Minnesota in relation to an unsubstantiated accusation.
The local police quickly determined there was no substance to the claim against Mr. Liu, and he was subsequently able to resume his business activities as originally planned. The company did not provide further details, and Liu could not immediately be reached by Reuters. According to the Hennepin County Sheriff website, the arrest of the 45-year old CEO was made just before midnight local time on Friday, and he was released after 4 PM on Saturday.
A Minneapolis Police Department spokesman told Reuters on Sunday that he didn't know if there will be charges or not, because the investigation was ongoing. Liu is well-known in China, and according to Forbes, has a net worth of $7.9 billion. is one of China's tech heavyweights, competing with larger rival, Alibaba, and is backed by Walmart, Alphabet's Google, and China's Tencent Holdings.