tech
April 28, 2026
China Blocks Meta's Acquisition of AI Platform Manus
Portafolio Journalist 04/27/2026 12:02 Updated: 04/27/2026 12:02
TL;DR
- China's National Development and Reform Commission blocked Meta's acquisition of AI platform Manus.
- The deal was valued at $2 billion and involved foreign investment review.
- The decision is seen as part of broader technological and regulatory tensions between China and the US.
- China is increasingly concerned about controlling sensitive technologies, including artificial intelligence.
- The Manus platform had moved its headquarters to Singapore prior to the attempted acquisition.
- This move by China reinforces a trend towards greater fragmentation of the global tech ecosystem.