Meta Abandons Chinese AI Startup Manus Amid Divestiture Order
TechCrunch AI
Meta has ended its $2 billion acquisition of Manus, a Chinese AI startup, after Chinese regulators ordered the divestiture due to national security concerns. The move marks a significant setback for Manus, which had been exploring options to regain control, including a potential listing in Hong Kong. Chinese authorities are tightening their grip on foreign capital and technology, with a focus on retaining control over strategically sensitive technology.
💡 Key Takeaways
- Meta has completed the operational separation from Manus, cutting the Chinese AI startup off from its internal systems.
- Manus co-founders are considering raising $1 billion from outside investors to reclaim the startup from Meta.
- The move underscores Beijing's determination to retain control over strategically sensitive technology, regardless of a company's offshore incorporation.