China's AI Startups Restructure to Strengthen National Overs

Following the blocked acquisition of Manus by Meta, China's securities regulator has signaled that companies intending to go public should register domestically. In response, AI startups like Moonshot AI and StepFun are considering dissolving their foreign holding structures to formally establish within China. This shift aligns with Beijing's broader strategy of retaining control over its AI industry and strengthening its domestic capabilities.