Category: Richard Liu

Chinese Billionaire Richard Liu Settles US Rape Allegation

MINNEAPOLIS—Chinese billionaire and founder Richard Liu agreed to settle a lawsuit filed by a former University of Minnesota student who alleged he raped her in her Minneapolis apartment after a night of dinner and drinks with wealthy Chinese executives in 2018, attorneys for both sides announced late Saturday. A settlement amount was not disclosed….

China’s Founder Wears an ‘Invisible Shackle’: Analyst

Liu Qiangdong, or Richard Liu, founder and chairman of, recently transferred his ownership of equity shares at two subsidiary companies after stepping down as CEO in April. One Chinese affairs analyst believes Liu made the move in response to the Chinese Communist Party’s (CCP) campaign to target the business elite. The Powerful Economic Players…