Chinese billionaire arrested in United States for alleged sexual misconduct

Liu Qiangdong also known as Richard Liu is the founder of the Beijing-based e-commerce site

Liu Qiangdong also known as Richard Liu is the founder of the Beijing-based e-commerce site

He added, however, that police were still conducting an investigation int othe incident.

"During a business trip to the United States, Mr Liu was questioned by police in Minnesota in relation to an unsubstantiated accusation", the company said. The investigation remains active.

Liu was released without bail around 4 p.m. Saturday, according to Minneapolis Police Department spokesman John Elder.

Liu is the highest-profile Chinese businessperson to be accused of sexual misconduct.

Boasting backers that include Google, Walmart, and Tencent, the company claims 300 million active users and a net revenue of 362.3 billion yuan ($53 billion) in 2017.

Liu founded the company about two decades ago.

Liu is known for pushing the company toward "100 percent" automation and speaking at global conferences about reducing the need for workers.

As aims to spread beyond Asia, Liu has lately sought to raise his profile among global business leaders.

The University of Minnesota said Liu was a student in its doctor of business administration program, which primarily takes place in Beijing in partnership with Tsinghua University aimed at full-time executives.

The 45-year-old businessman was released from jail on Saturday afternoon pending possible criminal charges, the Atlanta Journal Constitution reports.

China's foreign ministry said Monday that the Chinese Consulate in Chicago is looking into the circumstances surrounding Liu's arrest.

Richard Liu, CEO of, was arrested Friday evening by Minneapolis police, according to Hennepin County, Minn., jail records.

Business Insider has contacted for further comment.

His wife, Zhang Zetian, some 19 years younger, is a businesswomen and internet celebrity. Elder said it is his understanding that Liu is still in the United States. Liu was not charged or accused of wrongdoing, but Australian media reported he tried unsuccessfully to get a court to prevent the release of his name in that case.

Liu's arrest comes as the billionaire is still trying to distance himself from a sexual assault that occurred at a party he hosted in his luxury Sydney penthouse in 2015.

Longwei Xu, a property developer, was later found guilty of seven counts.

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