China says its looking into e-commerce billionaire's US arrest

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It added that Liu had continued on with his previously planned agenda following the investigation.

JD.com, backed by Walmart, Alphabet's Google and China's Tencent Holdings, said in a statement on Sunday that Liu was falsely accused.

"He has been released without any charges, and without a requirement for bail", JD.com spokeswoman Tracy Yang told The Washington Post.

Reuters has not been able to reach Liu for comment.

A spokesman for the Minneapolis police department said that Mr Liu was released "pending formal complaint". The alleged assault would be a felony, authorities said, declining to provide further detail.

One of China's richest businessmen, Liu Qiangdong, has returned home after his arrest for alleged sexual misconduct in the U.S. over the weekend, with the foreign ministry here saying on Monday it is "closely following" the matter.

JD.com is among China's biggest online retailers and lauds itself as the first e-commerce company in the country to offer next-day delivery nationwide. Liu, a married father-of-two, is said to be worth an estimated $7.9billion United States dollars.

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According to the Financial Times, two people familiar with the case said it involves another Chinese student at the university.

Liu built JD.com from scratch. According to its website, the program is designed for top-level executives working in China and the region, and the average age of participants is 50.

The 45-year-old businessman was released from jail on Saturday afternoon pending possible criminal charges, the Atlanta Journal Constitution reports.

China's foreign ministry said it is looking into the matter.

Liu, also known by his Chinese name Liu Qiangdong, was arrested over the misconduct allegations late Friday and released Saturday afternoon in the midwestern United States city of Minneapolis, records from Hennepin County Jail showed.

Google recently made a $550 million investment in the Beijing-based company. In addition, JD.com also threatened legal action against those publishing false reports and rumors. In 1998, he spent 12,000 yuan ($1,760) of his savings to lease a four-square-metre retail space in Beijing's technology hub of Zhongguancun, setting up a firm that would become JD.com.

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