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China blocks Meta Platforms' planned acquisition of artificial intelligence startup Manus.
China's NDRC has ordered Meta to unwind its acquisition of AI startup Manus.
KEY POINTS
- Chinese regulators viewed the Manus deal as a national security matter, scrutinizing data security and tech exports.
- Manus had relocated to Singapore but was still subject to a Chinese foreign investment security review.
- Chinese authorities previously barred key Manus executives from leaving the country during the regulatory review.
COMPANIES
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