# China is set to block top tech firms, including AI startups, from taking US money without official clearance.

*genai · news · 2026-04-24 · The Economic Times*

## Key points

- Chinese regulators ordered AI firms like Moonshot AI and StepFun to reject US investment without approval.
- ByteDance faces new restrictions banning secondary share sales to US investors without government clearance.
- The National Development and Reform Commission instructed these curbs to safeguard national security technologies.
- These restrictions directly respond to Meta's $2 billion acquisition of AI startup Manus in 2025.

**Companies:** Apple, Microsoft, Tesla, ByteDance, Meta, Moonshot AI, StepFun
**Countries:** China, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/technology/china-to-curb-us-investment-in-tech-companies-report/articleshow/130496655.cms)

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