JD shares slump on new allegations against its CEO

Shares of Chinese e-commerce giant JD slumped 7.47 percent to $24.51 on the Nasdaq Stock Market on Tuesday, after Reuters reported more details about sexual assault allegations against the company's founder and CEO Liu Qiangdong.

In a report on Monday, Reuters said a 21-year-old University of Minnesota student sent a WeChat message to a friend in the middle of the night. She wrote that Liu had forced her to have sex with him at her apartment after a dinner party.

"I was not willing," she wrote in Chinese on the messaging application around 2 am on Aug 31, according to Reuters. "Tomorrow I will think of a way to escape," she wrote, as she begged the friend not to call the police.