China blocks Meta’s Manus deal after months-long probe, thwarting purchase
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Beijing has blocked the proposed purchase by Meta Platforms of artificial intelligence firm Manus, a start-up that is officially registered in Singapore but developed its products in mainland China.
The National Development and Reform Commission (NDRC), the country’s top economic planner, announced the ruling in a statement on Monday, and asked the parties involved in the deal to cancel the transaction.
Neither Meta nor Manus immediately responded to requests for comment on Monday.
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The National Development and Reform Commission (NDRC), the country’s top economic planner, announced the ruling in a statement on Monday, and asked the parties involved in the deal to cancel the transaction.
Neither Meta nor Manus immediately responded to requests for comment on Monday.
A...
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