Tags: NDRC

Meta is preparing to reverse its roughly $2 billion purchase of AI startup Manus after China’s National Development and Reform Commission issued a formal order canceling the transaction. The regulator gave the companies a few weeks to restore Manus’s Chinese assets to their pre‑acquisition state. The move forces Meta to write down a major AI investment and raises questions about how China will treat foreign‑owned tech firms with links to the country. Read more

China’s National Development and Reform Commission ordered Meta to unwind its $2 billion acquisition of Manus, an agentic AI firm founded by Chinese engineers and now based in Singapore. The regulator gave no public explanation, demanding the parties pull the deal and imposing exit bans on the startup’s founders. About 100 Manus staff have already moved into Meta’s Singapore offices, and the block threatens Meta’s push into AI agents while raising fresh concerns in Washington about Chinese‑linked technology investments. Read more