China’s NDRC has blocked Meta’s approximately $2 billion acquisition of AI agent start-up Manus, ordering the parties to withdraw the deal — marking another escalation in US-China tech competition.
Chinese regulators require Meta to reverse its $2 billion acquisition of AI startup Manus, raising global concerns about tightening AI sector merger oversight.
China’s NDRC has formally blocked Meta’s $2 billion acquisition of Manus, an agentic AI startup founded by Chinese engineers that relocated to Singapore.
China’s NDRC formally prohibits US tech giant Meta from acquiring AI startup Manus, marking the first veto on foreign AI asset acquisition and escalating US-China tech rivalry.