Commerce

China E-Commerce Billionaire Richard Liu Settles Alleged Rape Case

China billionaire Richard Liu, founder and chairman of e-commerce website JD.com, has settled a lawsuit by a former College of Minnesota pupil who alleged she was raped by the businessman in Minneapolis after a dinner in 2018.

“The incident between Ms. Jingyao Liu and Mr. Richard Liu in Minnesota in 2018 resulted in a misunderstanding that has consumed substantial public consideration and introduced profound struggling to the events and their households,” a joint assertion mentioned on Saturday. “Right this moment, the events agreed to put aside their variations, and settle their authorized dispute to be able to keep away from additional ache and struggling attributable to the lawsuit.”

Settlement phrases weren’t disclosed.

A county lawyer didn’t pursue costs earlier. “In keeping with textual content messages reviewed by The Related Press and Jingyao Liu’s interviews with police, she mentioned that after the dinner, Richard Liu pulled her right into a limousine and groped her regardless of her protests,” the Related Press reported this week. “She mentioned he raped her at her house. She texted a buddy: ‘I begged him don’t. However he didn’t pay attention.’”

Nonetheless, the AP continued, “After police went to her house, Jingyao Liu instructed one officer, ‘I used to be raped however not that form of rape,’ in response to police. When requested to clarify, she modified the topic and mentioned Richard Liu was well-known and she or he was afraid. She instructed the officer that the intercourse was ‘spontaneous’ and that she didn’t need police to become involved. Officers launched Richard Liu as a result of ‘it was unclear if against the law had really taken place,’ in response to police.”

Liu, additionally recognized by his Chinese language identify Liu Qiangdong, opened a retail store in China 1998, however closed it six years later and moved his enterprise on-line. Right this moment, JD.com is without doubt one of the world’s most dear e-commerce companies with a market capitalization of $79 billion and listings within the U.S. and Hong Kong; shareholders embody Walmart. Liu is price $10.9 billion on the Forbes Actual-Time Billionaires Record right now.

Beijing-based Liu stepped down as JD.com CEO in April. His exit is one among a collection of high-profile departures by billionaire CEOs at China tech corporations in recent times amid authorities coverage shifts towards the trade and requires improved distribution of wealth. Others to step down embody Pinduoduo’s Colin Huang, ByteDance’s Zhang Yiming and Kuaishou’s Su Hua. ByteDance owns the extensively common TikTok app.

See associated posts:

The ten Richest Chinese language Billionaires

China Enterprise Dangers Doubtless To Hold Rising After Celebration Congress, Scholar Says

@rflannerychina

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