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Chinese authorities have decided to prohibit Meta's acquisition of Manus AI Group, valued at approximately <strong>$2 billion</strong>. This decision follows a thorough review to ensure the deal complies with China's investment laws.
In a surprising move, the Chinese government has announced a ban on Meta Platforms' acquisition of the AI startup Manus, valued at approximately <strong>$2 billion</strong>. This decision aims to prevent technology leaks to the United States amid rising tensions between the two nations.
China has officially announced the blocking of Meta's acquisition of the local AI company Manus. This decision follows several months of investigations by the National Development and Reform Commission, the body responsible for economic planning in the country.