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Billionaire CEO of China's briefly arrested in Minnesota

The chief executive was detained on sexual misconduct allegations.

The billionaire CEO of China e-commerce company was briefly arrested in Minnesota on Friday.

The Wall Street Journal reports that Liu Qiangdong was questioned on suspicion of sexual misconduct but was then released, with a spokesman saying it was a false accusation.

He was on a business trip to the U.S. at the time, the company told the WSJ, and was "questioned by police in Minnesota in relation to an unsubstantiated accusation."

"The local police quickly determined there was no substance to the claim against Mr. Liu, and he was subsequently able to resume his business activities as originally planned," the spokesman added.

The Hennepin County Sheriff's Jail Roster shows that a 45-year-old man named Qiang Dong Liu was arrested just before midnight for probable cause criminal sexual conduct.

It then said he was "released pending complaint" at 4 p.m. on Saturday, with no bail set.

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Liu is the founder and CEO of, which is one of China's largest e-commerce companies.

A rival of Alibaba, it is said to be the nation's largest retailer by revenue, according to Business Insider.

The Star Tribune reports he's a registered student at the University of Minnesota's Carlson School of Management, and those enrolled in its China business MBA program are in town for a one week residency.

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