Today, the Hennepin County Attorney’s Office in Minneapolis said they will not file any charges against JD.com’s CEO Richard Qiangdong Liu. We are pleased to see this decision. We at JD.com remain committed to serving our customers and partners around the world and creating long term value for investors.
Richard Liu’s Statement:
Today, JD.com’s Chairman and CEO Richard Qiangdong Liu shared a statement on his Chinese social media account after the Minneapolis authorities announced they would not file any charges against him. We are circulating Mr. Liu’s statement as a courtesy, as this matter has generated significant interest. Below is a link to his statement, with a translation he provided:
My experience in the United States in recent months has received a lot of attention, and though others have disclosed misleading information, I was not able to address the situation or defend myself. I did not respond to comments and reports on the Internet, social platforms and in the media to avoid interfering with the independent investigation by the police and prosecutors. This has caused great confusion for many people who care about me, and I would like to apologize to them.
Today, after a thorough investigation with which I fully cooperated, the Hennepin County Attorney’s Office in Minneapolis announced they would not bring any charges against me. This proves I broke no law.
My interactions with this woman, however, have hurt my family greatly, especially my wife. I feel deep regret and remorse and I hope she can accept my sincere apology. I will continue to try in every possible way to repair the impact on my family and to fulfill my responsibility as a husband.
During these difficult days, my colleagues at JD.com have been working under pressure. I would like to deeply thank them for remaining focused on our business. I sincerely ask you not to blame the many fine and dedicated employees of JD for my personal matters. They are a group of passionate and hardworking people. As for me, I will work harder and with greater dedication, together with all of my colleagues, to make JD an even better company, and to continue working toward a better future. I believe this is the best thing I can do moving forward. Thank you.
Q: Can you share any information on what happened in Minnesota with the CEO?
A: Richard Liu was taken into custody on August 31, 2018, by Minneapolis police on suspicion of criminal sexual conduct and released without any charges filed. He was not required to post bail and travelled freely back to China. Mr. Liu has cooperated with Minneapolis law enforcement and is willing to cooperate further if requested. Mr. Liu has returned to work in Beijing and he continues to lead the company. There is no interruption to JD.com’s day-to-day business operations.
Q: Is there an ongoing investigation?
A: We cannot speak for law enforcement authorities in Minneapolis with regard to any investigation, but Mr. Liu has cooperated. Mr. Liu has resumed his work at JD.com and there is no interruption to our day-to-day business operations.
Q: Class action lawyers have tried to solicit shareholders. Can you explain what that means, and have any actions been taken against the company?
A: We are aware that a few class action law firms have publicly announced a desire to represent shareholders. We are aware of no lawsuits being filed against the company and, if filed, we will contest the allegations vigorously.
Q: What impact will this event have on JD.com’s business?
A: The situation in Minnesota did not have and is not expected to have any impact on JD.com’s day-to-day operations. In the meantime, JD.com is committed to running its daily business with undivided focus, and serving our customers and partners around the world.
We were informed that our CEO Richard Qiangdong Liu was taken into custody by Minneapolis police on August 31, 2018. He has been released without any charges, and without requirement for bail. Mr. Liu has returned to work in China.