Tags: Singapore

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

China’s decision to halt Meta’s purchase of AI firm Manus has thrown the deal into limbo, raising fresh uncertainty for both companies’ artificial‑intelligence plans. Manus founders Xiao Hong and Ji Yichao had already moved most of their staff to Meta’s Singapore office and stripped the startup of Chinese ties. The cancellation could prevent Manus from using Anthropic’s Claude models and marks a setback for Meta’s pivot toward AI after years of investing in the metaverse. Industry observers say the move underscores the growing tech rivalry between Washington and Beijing. Read more