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China Backs Tech Deals Amid Meta AI Review
2 Apr
Summary
- China supports transnational operations and tech cooperation legally.
- Regulators are reviewing Meta's acquisition of AI startup Manus.
- Two Manus co-founders are barred from leaving China.
China's government has reiterated its backing for companies involved in transnational operations and technology cooperation, emphasizing that such activities must adhere to legal requirements and specific needs. This clarification was issued by commerce ministry spokesperson He Yadong on Thursday, April 2, 2026.
He's remarks addressed concerns regarding potential Chinese measures related to Meta's acquisition of Manus, a Chinese artificial intelligence startup. The acquisition, valued at $2 billion, is currently under review by Chinese regulators. They are investigating whether the deal contravened established investment rules.
Adding to the scrutiny, reports from March indicated that China has prohibited two co-founders of Manus from departing the country. This action is understood to be directly linked to the ongoing regulatory review of Meta's purchase of the AI firm.
