JD averts crisis as CEO is cleared of criminal charges

Jamie McKane

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JD averts crisis as CEO is cleared of criminal charges

JD.com Inc. avoided the biggest crisis in its history after U.S. prosecutors decided not to press criminal charges against its billionaire founder, freeing China’s No. 2 online retailer to resume pursuing its global ambitions.

Chief Executive Officer Richard Liu won’t be charged in connection with a rape investigation in Minneapolis, ending a months-long probe that made global headlines and cast doubt over JD’s leadership.

[Bloomberg]
 
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