The chief executive of China's JD.com, Liu Qiangdong, was briefly arrested in the U.S. on accusations of criminal sexual conduct.
Chuck Laszewski, a spokesman for the Hennepin County attorney's office, said it was unusual for a detainee to be released so quickly after a Friday night arrest, especially before a holiday weekend.
Nasdaq-listed JD.com said in a statement Sunday that Liu was falsely accused while in the US on a business trip, and that police investigators found no misconduct and he would continue his journey as planned.
The jail records don't provide details of the alleged incident. "He was released pending formal complaint", public information officer John Elder told AFP. He declined to say where in the city Liu was arrested or what he was accused of doing. "The understanding is that if we need to get in touch with him, we will be able to do so". But he said he did not know the circumstances of the release and has not heard whether charges are on the way for Liu, who is also known as Richard Liu.
The University of Minnesota said Liu was a student in its doctor of business administration program, which primarily takes place in Beijing in partnership with Tsinghua University and is aimed at full-time executives.
University spokeswoman Emma Bauer in a statement declined to comment further and referred questions to Minneapolis police.
Liu recently tried to distance himself from sexual assault allegations against a guest at a 2015 party at Liu's penthouse in Australia.
Liu's company released a statement that denied he had done anything wrong.
JD.com is one of China's largest online retailers.
Liu is the founder of JD.com, one of China's most popular e-commerce sites.
JD.com, which stands for Jingdong, is the rival of the popular Chinese e-commerce site Alibaba Group led by CEO Daniel Zhang. The defendant was found guilty of seven offenses, according to a court document.