HONG KONG—Richard Liu, the billionaire founder of Chinese e-commerce giant JD.com Inc., settled a lawsuit filed against him by a former student at the University of Minnesota, ending a legal battle that had attracted widespread attention in China.
The agreement to settle came on Saturday, two days before a jury in Minneapolis was set to hear testimony to determine whether Mr. Liu raped the student, Jingyao Liu, in 2018. Opening statements had been scheduled for Monday. Both Mr. Liu, who is in his late 40s, and Ms. Liu, now 25 years old, were expected to testify at the civil trial.
