China Blocks Meta's $2B Acquisition of AI Platform Manus

On April 27, 2026, Chinese authorities announced a ban on Meta's $2 billion acquisition of the AI platform Manus, citing foreign investment restrictions. The decision was communicated by the National Development and Reform Commission (NDRC), which requires involved parties to cancel the operation under Chinese laws and regulations. This acquisition had been notable due to the ongoing U.S.-China trade conflict and the rarity of American firms acquiring Chinese technology.

The implications of this decision highlight China's commitment to maintaining control over its critical AI infrastructure and technology sector. By blocking such acquisitions, China reinforces its preference for domestic technology development while simultaneously limiting the operational landscape for foreign firms. This move reflects both strategic economic priorities and a cautious approach to foreign influence, increasing the scrutiny over cross-border technology transactions within the region.