JD.com’s shares fell on Monday after a report revealing the details of the night which lead to JD’s founder and CEO Richard Liu’s arrest on suspicion of rape. Shares of the Chinese e-commerce platform are at their lowest point since November 2016.

The Nasdaq-listed company opened 5% lower on September 24th falling close to 8%. The shares have not been this low for a year and a half: they finally closed at $24.51, down 7.47%. JDs shares have fallen more than 40% this year, according to Chinese media Wallstreet.cn.

The report published by Reuters includes a transcript of WeChat messages sent by the 21-year-old alleged victim to several friends. The woman’s lawyer Wil Florin verified that the text messages came from her.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.