- 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%.
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JD.com sinks after CEO Liu Qiangdong was absent from a high-profile internet conference in China (JD)
JD.com CEO Liu Qiangdong has been absent from several high-profile events in China since he was briefly detained over a rape allegation in August.
JD.com CEO Liu Qiangdong
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.
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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.
Now read:
- JD.com CEO plunged from 16th to 30th richest man in China after being arrested in the US over a rape accusation
- A Chinese tech billionaire has been accused of plying a student with drink and then forcing himself on her during a trip to the US
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BusinessInsider
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