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

After nearly four months of anticipation, Meta's $2 billion acquisition of Manus, a once-Chinese AI startup now based in Singapore, has been blocked by China. This decision follows the firm's relocation aimed at facilitating foreign investments and reflects the growing scrutiny of cross-border tech deals by Chinese authorities. It underscores the challenges foreign companies face in navigating intricate regulatory barriers in China, especially concerning sensitive technology sectors.