China Blocks Meta's Acquisition of AI Startup Manus Amid Tech Rivalry
China has blocked Meta's acquisition of the AI startup Manus, citing concerns over the transfer of advanced technology. The decision was made by China's National Development and Reform Commission, which required all parties to withdraw from the deal. This move comes amid increasing scrutiny of the AI industry by Chinese authorities, reflecting the intensifying geopolitical rivalry with the U.S. over technology. Meta had announced the acquisition in December, aiming to expand its AI offerings, but China's intervention highlights the challenges U.S. tech companies face in acquiring firms with Chinese connections.