Manus-related foreign investment deal ordered unwound in China
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China’s Working Mechanism Office for the Security Review of Foreign Investment, under the National Development and Reform Commission, has barred a foreign acquisition of the Manus project and ordered the parties to unwind the transaction, in accordance with laws and regulations.
The deal relates to Butterfly Effect, the Singapore-based parent company behind Manus, which focuses on AI agent products for small and medium-sized businesses. Meta had announced in December that it had agreed to acq
The deal relates to Butterfly Effect, the Singapore-based parent company behind Manus, which focuses on AI agent products for small and medium-sized businesses. Meta had announced in December that it had agreed to acq
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