Manus AI Eyes $500M Funding Round and Potential Hong Kong IPO After Meta Acquisition Unwound
Manus AI is seeking to raise $500 million in a funding round that could value the company at around $4 billion, while exploring an initial public offering (IPO) on the Hong Kong stock exchange. The move comes after China's National Development and Reform Commission ordered Meta Platforms to unwind its acquisition of Manus earlier this year due to regulatory concerns over foreign investment. The deal collapse in April 2026 required Manus’s founders, including Tencent, HSG, and ZhenFund, to repurchase Meta’s shares at a $2 billion valuation. Prospective investors now include IDG Capital, Boyu Capital, and Contemporary Amperex Technology (CATL), with existing backers also considering participation. The company is based in Singapore but was founded in China, which contributed to regulatory scrutiny. Manus specializes in AI agents capable of performing complex tasks such as drafting reports and creating slide decks. As part of the separation from Meta, user data generated after December 29, 2025, will be deleted to comply with regulations.
Topics: AI startup funding Hong Kong market entry IPO Meta acquisition unwind