CEO of JD.com will not be charged after rape allegation
Liu Qiangdong, the CEO and founder of JD.com, was reportedly cleared in the rape case, in which he was accused by a student from Minnesota University and subsequently arrested in Minneapolis on August 31. He could have been sentenced to 30 years in prison if he was convicted. Liu has since led a low profile life without attending any important internet conferences held whether inside or outside of China. JD.com’s share price was expected to revive to some degree from the great slump caused by Liu’s sexual scandal, while its lower-than-projected revenue and profit have been impacted by the incident.