China Blocks Meta's $2 Billion Acquisition of AI Firm Manus
China has blocked Meta's $2 billion acquisition of Manus, an AI startup, citing national security concerns. The Chinese National Development and Reform Commission (NDRC) announced the decision, prohibiting foreign investment in the acquisition and requiring the involved parties to withdraw from the transaction. Manus, originally launched in Beijing and now based in Singapore, specializes in developing autonomous AI agents. The move is part of a broader Chinese policy to restrict US investments in domestic tech companies, reflecting the ongoing tech rivalry between the US and China. 
