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Chinas NDRC prohibits foreign acquisition of Manus project

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China's commerce ministry comments on investigation of Meta's acquisition of Manus

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Chinese Authorities Restrict U.S. Tech Investments Without Approval

The Standard

China blocks US$2 billion foreign acquisition of AI startup Manus

Nikkei Asia

Beijing blocks Meta's $2bn acquisition of Manus after security review

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Manus Joins Meta for Next Era of Innovation

The Wall Street Journal

China Bans Metas Acquisition Of Manus On National Security Grounds 71E10C3F

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China blocks Meta from acquiring AI startup Manus

The Straits Times

China blocks Metas $2.5 billion acquisition of Singapore-based AI start-up Manus

South China Morning Post

China blocks Meta’s Manus deal after months-long probe, thwarting purchase

Reuters

China orders Meta to unwind $2 billion buy of AI startup Manus

Guardian

China blocks $2bn Meta takeover of AI agent developer Manus

CNBC

China blocks Meta’s $2 billion takeover of AI startup Manus

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China Orders the Unwinding of Meta’s Acquisition of an A.I. Start-Up

Financial Times

China blocks Meta’s $2bn purchase of AI group Manus

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Will the US and China be party to any AI regulation treaty that controls or monitors AI development in the following years?

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"China's nominal gross domestic product is unlikely to surpass that of the U.S. in the next few decades."

"This idea of China becoming the world's biggest economy may not happen, actually."

"China probably won't ever overtake the US economy on a sustained basis."

"The likelihood of the prediction that China's GDP will one day overtake that of the U.S. is declining."

"China is forecast to overtake the U.S. as the world’s largest economy by around 2035."

"China will overtake the US as the world's top economy in about 2035 with a high probability."

"[T]he size of China's economy in USD terms will overtake the US in 2028."

"China will overtake the United States to become the world's biggest economy in 2028."

Will China's GDP Overtake the US, And If So When?

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"I think, today, [China is] probably two years behind the top [AI] models [from the US]."

"Where China sits [in AI], I think, is very far behind the US."

"The United States is in a strong position to win the essential [AI] race with China."

"China will dominate AI."

"The combination with China's self-made chips + AI infrastructure stack will put China ahead of the US."

China would "undoubtedly come out on top [in the US-China AI race]."

"[I]t seems like the United States is really far ahead [when it comes to generative AI]."

"China will lead the world in AI development."

In 2025, "China will start to lead the AI race (as a consequence of leading the open-source AI race)."

Will China Surpass the US in AI?

China's National Development and Reform Commission ordered Meta to unwind its $2 billion acquisition of Manus, a Singapore-based AI startup with Chinese founders, citing laws and regulations on foreign investment.

China's National Development and Reform Commission ordered Meta to unwind its $2 billion acquisition of Manus, a Singapore-based AI startup with Chinese founders, citing laws and regulations on foreign investment.

Manus was founded in China before relocating to Singapore, where its parent company, Butterfly Effect, re-incorporated after raising $75 million in a funding round led by U.S. venture firm Benchmark.

Manus was founded in China before relocating to Singapore, where its parent company, Butterfly Effect, re-incorporated after raising $75 million in a funding round led by U.S. venture firm Benchmark.

China's Ministry of Commerce announced in January it would investigate whether Meta's acquisition of Manus violated the country's export control, technology export and foreign investment regulations.

China's Ministry of Commerce announced in January it would investigate whether Meta's acquisition of Manus violated the country's export control, technology export and foreign investment regulations.

Manus co-founders Xiao Hong and Ji Yichao were summoned to Beijing for talks with regulators in March and subsequently barred from leaving the country, according to sources familiar with the matter.

Manus co-founders Xiao Hong and Ji Yichao were summoned to Beijing for talks with regulators in March and subsequently barred from leaving the country, according to sources familiar with the matter.

The NDRC's ruling marked the first time it had used foreign investment review provisions — introduced in 2020 — to unwind a major tech deal, according to Paul Triolo of DGA-Albright Stonebridge Group.

The NDRC's ruling marked the first time it had used foreign investment review provisions — introduced in 2020 — to unwind a major tech deal, according to Paul Triolo of DGA-Albright Stonebridge Group.

The decision came weeks before a planned summit between U.S. President Donald Trump and Chinese President Xi Jinping, and followed reports that Beijing had warned AI firms including Moonshot AI and ByteDance to reject U.S. investment without government approval.

Yicai

The decision came weeks before a planned summit between U.S. President Donald Trump and Chinese President Xi Jinping, and followed reports that Beijing had warned AI firms including Moonshot AI and ByteDance to reject U.S. investment without government approval.

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Artificial Intelligence

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China blocks Meta’s $2bn purchase of AI group Manus

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China Orders Meta to Unwind $2B Manus AI Deal

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China Orders Meta to Unwind $2B Manus AI Deal

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