China blocks Meta from acquiring startup Manus as global AI rivalry deepens
China's National Development and Reform Commission blocked Meta's acquisition of AI startup Manus, citing concerns about the transfer of advanced technology. The decision comes amid intensifying geopolitical rivalry between the US and China over AI technology.
China blocked Meta's acquisition of AI startup Manus, citing concerns about advanced technology transfer. Manus, based in Singapore but with Chinese roots, provides a general-purpose AI agent for tasks like coding and market research. China's National Development and Reform Commission prohibited the foreign acquisition, requiring parties to withdraw from the deal. The decision was made amid growing US-China rivalry over AI technology. Meta announced the acquisition in December, stating it would discontinue Manus' services in China. Analysts see the move as China tightening scrutiny of the AI industry.
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