China Blocks Meta's Acquisition of AI Startup Manus
China has blocked Meta's $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots, citing regulatory concerns. The National Development and Reform Commission ordered the parties to withdraw the transaction, highlighting increased scrutiny of foreign investments in Chinese-linked AI companies. The deal faced attention from both China and the U.S., where lawmakers have restricted American investments in Chinese AI firms.
Tickers: $META
Topics: AI China Foreign Investment Manus Meta Regulation