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China blocks Meta's $2 billion acquisition of AI startup Manus
Beijing orders the unwinding of the already completed acquisition. The move comes amid intensifying technological rivalry between the US and China.
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forbes.com
Meta’s $2 Billion Deal To Buy AI Startup Manus Blocked By China
Last month, China barred the founders of the AI startup from leaving the country, as the deal was being probed on national security grounds.
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caixinglobal.com
China Orders Reversal of Meta’s $2 Billion Manus Deal
Regulators block the acquisition of the Singapore-based AI startup after a foreign investment review, underscoring Beijing’s tightening scrutiny over tech exports and foreign…
