China let Meta buy Manus; it kept the people who built it
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China will investigate Meta's acquisition of artificial intelligence startup Manus, citing concerns over technology export and compliance with Chinese laws. The acquisition is a rare instance of a US tech company buying an AI firm with Chinese roots, amid heightened tensions between Washington and Beijing.
China's Commerce Ministry will assess Meta's acquisition of Manus, a Singapore-based AI startup with Chinese roots. Meta announced the acquisition last week, expanding its AI offerings. The startup's general-purpose AI agent can perform complex tasks and has reached over $100 million in annual recurring revenue. China will investigate whether the acquisition complies with its laws and regulations. Manus will discontinue its services in China, where Meta's platforms are banned. The acquisition highlights the technology rivalry between the US and China.
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