Mark Zuckerberg Just Got Shot Down by China, Again
China's regulatory authorities blocked Meta's $2 billion acquisition of AI startup Manus, a Singapore-registered company with roots in China. The move is seen as a message that "Singapore-washing" will not be tolerated.
Meta's acquisition of AI startup Manus was blocked by Chinese regulators, costing the company $2 billion. Manus is a Singapore-registered firm with roots in China, focusing on AI agents for complex tasks. Meta had signed a takeover plan with Manus in December, which the Chinese government is now asking both parties to withdraw. The Chinese government's intervention is seen as a message that "Singapore-washing" will not be tolerated. The Manus team is now integrated into Meta and will continue to operate the Manus service. Beijing's decision is another rebuff for Meta CEO Mark Zuckerberg, despite his efforts to appease the Chinese government.
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