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China Blocks Meta's $2 Billion Acquisition of AI Startup Manus
China's state planner has directed Meta Platforms to unwind its $2 billion deal for AI startup Manus, four months after the acquisition was sealed. The startup, originally from China but relocated to Singapore, had integrated operations with Meta. The decision comes weeks before a summit between China's Xi Jinping and the U.S. president.
The Japan TimesAudio version
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China's powerful state planner decreed on Monday that Meta Platforms must cancel its $2 billion acquisition of AI startup Manus, according to The Japan Times. The acquisition was sealed four months before Monday. U.S.
Tech company with little to no business operations in China and a startup that, while originally from China, had legally moved to Singapore. Meta Platforms and Manus have spent months operating on the assumption that the acquisition was completed. Manus employees have moved into Meta offices in Singapore.
Manus executives have joined Meta Platforms' high-profile AI team. Investors in Manus include Tencent Holdings, ZhenFund, and HongShan. These investors have received their payouts, according to people familiar with the matter.
U.S. president are scheduled to meet at a high-profile summit. Meta Platforms cut the deal for Manus as part of its effort to catch up with rivals including Alphabet's Google, OpenAI, and Anthropic, The Japan Times reported, citing Bloomberg.
The article was published on April 28, 2026.
