BusinessMediaguide.Com CEO plunged from 16th to 30th richest man in China after being arrested in the US over a rape accusation (JD)
10/28/2018 General World News Liu qiangdong

  • Forbes published its list of China’s richest people this week.
  • co-founder and CEO Liu Qiangdong fell from 16th to 30th place.
  • The fall in his net worth came after his company suffered various setbacks this year.
  • shares fell dramatically at the end of August, Forbes said, when Liu was arrested in the US over a rape allegation.
  • Falling Chinese stocks and the ongoing China-US trade war also contributed, Forbes said.

Liu Qiangdong, the co-founder and CEO of Chinese e-commerce giant, saw his ranking on Forbes’ list of China’s richest people plummet this week.

Liu, 45, fell from the 16th to 30th place read more >>>

Source:: BusinessInsider.Com

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