On Tuesday, Richard Liu Qiangdong showed up at headquarters of JD.com’s headquarters in Beijing in the morning, days after walking out of a holding cell in the US state of Minnesota.
The billionaire who is 45 years old was back at work for the signing of a strategic partnership with Chinese textile manufacturer Ruyi Group. JD.com released a group photograph showing their chairman and chief executive flanked by Qiu Yafu, chairman of Ruyi and executives from both companies.
Liu has yet to make a personal statement on the night of August 31, which he spent in custody in Hennepin County after being arrested for probable cause for criminal sexual conduct, a term that covers a range of non-consensual sexual contact.
Back in China, Liu has some high-profile appearances scheduled in the weeks ahead.
He is listed as an attendee at the AI World 2018 conference later this month in Shanghai, alongside other corporate chieftains including Tencent Holdings chairman Pony Ma Huateng, Baidu chairman Robin Li, Xiaomi chairman Lei Jun and Alibaba Group Holding executive chairman Jack Ma Yun.
Liu is scheduled to travel to Hong Kong in November for a luxury forum, according to a company representative.
According to the records ofothr sheriff ,on the night of August 31, Liu was brought in at 11:32pm and released the next day at 4:05pm. He was in the US to attend the residency component of a business-education programme conducted by the University of Minnesota.
Police have not outlined specific accusations against Liu, according to Joseph Friedberg, whom JD.com confirmed as representing the billionaire. Friedberg reportedly said his team was now awaiting details from the authorities before deciding on the next steps, and that he did not think there will be charges brought against Liu.
Liu and his wife, Zhang Zetian, are one of the most high-profile couples in China’s business circles. Zhang, who is 19 years younger than Liu, shot to fame after their marriage and is known in China “Sister Milk Tea” after a photo of her in her schooldays holding a cup of milk tea.
The couple have a young daughter and are frequently seen together in public.
Both Liu and Zhang have not posted on their verified Weibo social media accounts following the arrest.
Zhang, who has 1.5 million followers on Weibo, has not posted since May 31. The last posting on Liu’s Weibo account was on June 19, about the company’s unmanned delivery drone, a day after its “618” shopping festival.
Investors will get to measure the impact of Liu’s arrest, with trading of JD.com’s American depositary receipts to resume Tuesday after the Labour Day long weekend.
News of the arrest comes after Liu was identified in July as the host of a 2015 party in Sydney, where a guest was found guilty of sexually assaulting a model he met at the gathering. Liu was not accused of any wrongdoing.
The ADRs have slumped 24 per cent this year in Nasdaq trading, cutting Liu’s estimated net worth by US$2.1 billion to US$7.3 billion, according to a wealth index calculated by the sources.