JD.com shares fall after CEO's arrest and release

SHANGHAI/BENGALURU (Reuters) - Chinese retailer JD.com Inc's stock fell as much as 7 percent on Tuesday, hitting an 18-month low after the company's chief executive officer was arrested in the United States on suspicion of criminal sexual conduct and later released. Richard Liu, who founded the firm in 1998, was arrested by police in the U.S. city of Minneapolis on Friday and released the next day before returning to China. Minneapolis police said on Sunday that "an active investigation" was under way.

from Yahoo News - Latest News & Headlines https://ift.tt/2wF79gy