• Since then, he has been absent from several high-profile events in China.
  • Liu didn't show up to the World Internet Conference on Wednesday.
  • JD.com shares fell almost 7%.

JD.com, the second largest Chinese e-commerce site after Alibaba, fell nearly 7% Thursday after CEO Liu Qiangdong, didn't show up at a major state-sponsored internet conference in China.

Last month, Liu was not among the top business leaders invited to meet with Xi at a symposium. In late September, Liu also didn't appear at the AI World 2018 conference in Shanghai.

Liu, through his attorney, has denied any wrongdoing.

Liu's net worth sank has plunged 34% this year to $6.2 billion, as JD.com shares have fallen sharply since peaking in January. Liu fell from the 16th place to 30th on Forbes' recently published list of China's richest people.

JD.com was down 48% this year through Thursday.

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