AI startup
Appears in 2 stories · Last updated Nov 2, 2026
Acquisition by Meta blocked and ordered unwound
China's Ministry of Commerce proposed adding 23 artificial intelligence technologies to its export control catalogue on October 16. The draft covers model weights, AI agents, chip design, and the networking software for large computing clusters. Registration for exports of the listed technology began the same day, before the list is final.
Updated Nov 2
As of October 2026: Operating independently after raising over $500 million and buying back Meta's stake; Tencent is lead backer
Meta has abandoned its $2 billion purchase of Manus, a Chinese-founded AI startup, after Beijing ordered the deal unwound. Manus raised over $500 million in October, bought back Meta's stake, and now operates independently with Tencent as its lead backer.
Updated Oct 12
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