"China's National Development and Reform Commission stated it was prohibiting the foreign acquisition of Manus and required all parties to withdraw from the deal. The decision was made in accordance with Chinese laws and regulations."
"Manus, which has Chinese roots but is based in Singapore, provides a general-purpose AI agent capable of performing complex tasks such as coding an app and conducting market research."
"The announcement came less than a month before U.S. President Donald Trump's planned visit to Beijing, raising questions about the timing and implications of the decision."
"Kush Desai, a White House spokesperson, emphasized that the Trump administration would continue to defend America's technology sector against undue foreign interference."
China's National Development and Reform Commission prohibited Meta's acquisition of Manus, an AI startup with Chinese roots. The decision was made to address concerns about advanced technology transfer. Manus, based in Singapore, offers AI solutions for tasks like coding and market research. The commission did not specify reasons for the ban, which follows an investigation into the deal. Meta had planned to enhance its AI capabilities through this acquisition, asserting there would be no Chinese ownership in Manus post-deal.
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