China’s National Development and Reform Commission (NDRC) today announced that, in accordance with laws and regulations, it has issued a decision

Economic planner asks both parties to withdraw from deal for AI firm, in move with wider implications for other start-ups operating overseas.

China’s National Development and Reform Commission (NDRC) today announced that, in accordance with laws and regulations, it has issued a decision

China said Monday it has decided to block Meta's $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots.

It comes after months of scrutiny by Chinese regulators over deal struck with Facebook owner.

Beijing's decision to block Meta's acquisition of Manus is a warning to other startups thinking of relocating data, talent and intellectual property abroad.