Urgent
Business·4/27/2026AI summary
China blocks Meta's $2bn acquisition of AI startup Manus
China has blocked Meta's $2bn acquisition of Manus, an AI startup developing autonomous AI agents. The Chinese National Development and Reform Commission ordered the deal cancelled, prohibiting foreign investment in the Manus project and requiring the parties to withdraw the transaction. The move comes amid heightened US-China tech competition, with Chinese regulators reportedly planning to block tech firms from accepting US investment without government approval. The decision comes weeks before a planned mid-May summit between Trump and Xi Jinping in Beijing.
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Guardian Business