JD.com's billionaire CEO released after U.S. arrest

The billionaire founder and chief executive of Chinese e-commerce giant JD.com Inc, Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released after what the company said was a false accusation. JD.com, backed by Walmart Inc, Alphabet Inc's Google, and China's Tencent Holdings, said in a statement on Sunday that Liu, whose Chinese name is Liu Qiangdong, was falsely accused.

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