He is the founder of JD.com, Alibaba's largest rival e-commerce company
Chinese billionaire Richard Liu, founder of the e-commerce company JD.com, was arrested on Friday night in Minnesota, United States, on charges of sexual harassment; it was then released on Saturday afternoon. The police said that an investigation was opened and did not provide other details. Liu, whose Chinese name is Liu Qiangdong, is 45 years old and has a personal wealth of almost 7 billion euros. JD.com is the second Chinese e-commerce company after Alibaba, and sells everything from clothes, appliances to food. Recently, Google has invested 470 million euros in JD.com: the two companies want to join forces to compete on the Asian market against rivals Amazon and Alibaba. At the beginning of the year, Liu told the Financial Times that he wanted to expand into Europe and compete with Amazon from 2019.