Liu Qiangdong, CEO of JD.com, raises his armsprior to the opening of the Nasdaq market, Thursday, May 22, 2014 in New York. JD.com, China's No. 2 e-commerce service, is headquartered in Beijing. [Photo: AP/Mark Lennihan]
JD.com, the main rival to Alibaba Group, said in a statement posted Sunday on the Chinese social media site Weibo that Liu was falsely accused while in the U.S. on a business trip, but that police investigators found no misconduct and that he would continue his journey as planned.
"We will take the necessary legal action against false reporting or rumors," the company said.
Liu recently tried to distance himself from a sexual assault allegation against a guest at a 2015 party at Liu's penthouse in Australia. Liu was not charged or accused of wrongdoing, but Australian media reported he tried unsuccessfully to get a court to prevent the release of his name in that case. The guest was convicted.
In June, Google said it would invest $550 million in JD.com. The investment reflected an effort by the U.S. tech company to expand its reach into Asian e-commerce.
JD.com is China's second-largest e-commerce company after Alibaba. Among its other investors is Chinese internet gaming and social media giant Tencent Holdings, the developer of the WeChat messenger app and a major rival of Alibaba, and U.S. retailer Walmart Inc.