JD.com said in a statement Sunday on Chinese social media that Liu was falsely accused while on a business trip in the United States. The company said police did not find evidence of wrongdoing and Liu will continue his trip as planned. Liu was released without bail around 4 p.m. Saturday, according to Minneapolis Police Department spokesman John Elder. Major investors include Walmart, which owns a 10% stake, and Chinese tech giant Tencent, which holds 18%, according JD's latest annual report. The Chinese company has a research center in Silicon Valley that focuses on machine learning and AI, according to its website.

Source: CNN September 02, 2018 23:42 UTC