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Insider: China is Reviewing Meta's $20 Billion Acquisition of Manu to See if There Was Any Wrongdoing

Insider: China is Reviewing Meta’s $20 Billion Acquisition of Manu to See if There Was Any Wrongdoing

BlockBeats News, January 7th, according to the Financial Times, citing people familiar with the matter, Chinese officials are reviewing Meta’s $2 billion acquisition of the artificial intelligence platform Manus, evaluating whether there is potential export control violations, and assessing whether transferring Manus’s employees and technology to Singapore would require a Chinese export license. Although the review is currently in the early stages and may not necessarily lead to a formal investigation, the requirement for a license could allow officials to influence the deal.

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