Billionaire Richard Liu, founder of one of China’s largest e-commerce platforms JD.com, has settled a civil suit brought by former University of Michigan student Liu Jingyao, who had accused him of rape.

World Business Watch: JD.com founder and billionaire Liu settles US rape civil suit

Singles' Day, which is an unofficial holiday and marks the beginning of the shopping season in China, is losing its gloss. The slowest pace of sales growth was recorded by e-commerce giant Alibaba Group Holding Ltd.

China's Singles' Day is losing its gloss amid tech crackdown and scrutiny

China's Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit on Thursday, aided by growth in its e-commerce and cloud computing businesses.

Alibaba results beat estimates on the cloud, E-commerce growth

Minnesota prosecutors will not charge the billionaire chief executive officer of China's JD.com Inc, Richard Liu, after he was accused of rape by a University of Minnesota student during a recent US visit, authorities said on Friday.

JD.com CEO, Richard Liu will not face assault charges in Minnesota

The deal will give Walmart access to JD.Com's online traffic and expand its reach into the Chinese market

Wal-Mart to sell its China e-biz to JD.com for 5% stake

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