business / news / / The Manila Times
In December, Meta announced that it would acquire artificial intelligence start-up Manus.
China's NDRC has officially blocked Meta's $2 billion acquisition of AI startup Manus.
KEY POINTS
- Manus relocated its headquarters to Singapore and laid off staff in China after US investment.
- China requires security review and licensing for export or transfer of sensitive AI technologies.
- The prohibition applies regardless of buyer's country, using a unified legal framework for all foreign deals.
COMPANIES
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