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Meta Reportedly Prepares to Scrap Acquisition of AI Startup Manus; Former Investors Like TENCENT May Cooperate
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Meta Platforms (META.US) is preparing to scrap its acquisition of AI startup Manus after the Chinese government blocked the deal on national security grounds, The Wall Street Journal quoted insiders as saying. The move reflects China's intensifying scrutiny of US investment in domestic startups developing frontier technologies. The transaction size exceeds US$2 billion. Manus' investors, including Benchmark Capital, have already received a return on their investment, according to the report. If Meta moves forward with canceling the deal, several former Manus investors in Asia, including TENCENT (00700.HK), HSG and ZhenFund, have already planned to cooperate, insiders added. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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