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Companies chief withdraws from day-to-day duties after arrest

Richard Liu says he will shift his focus to 'new businesses'

Richard Liu was taken into custody in early September on suspicion of rape in the U.S., but was released the next day.   © Reuters

SHANGHAI -- founder and CEO Richard Liu Qiangdong said he will remove himself from daily operations to concentrate on new businesses for China's second largest e-commerce company, in an apparent effort to reduce control after being arrested in the U.S. on rape charges.

"For me, personally, I will focus more on new businesses," Liu said in an earnings conference call with reporters Monday, speaking publicly for the first time since the arrest more than two months ago. "For mature businesses, our team can handle that."

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