JD.com CEO was arrested, then released, on suspicion of rape

Richard Liu, the billionaire CEO of Chinese e-commerce giant JD.com, was arrested in Minneapolis Friday on suspicion of rape, according to the city's police department.

The latest: Liu, who was released Saturday without any charges, is back at work in China, a company spokesperson told Axios. A Minneapolis police spokesman told the Wall Street Journal that the investigation into the alleged incident is ongoing.