[Financial Times: China is reviewing Meta's $2 billion acquisition of Manus] According to a report by the Financial Times, Chinese officials are reviewing Meta's $2 billion acquisition of the artificial intelligence platform Manus to assess whether the deal violates technology export controls. Two sources familiar with the matter revealed that Ministry of Commerce officials have begun assessing whether the relocation of the Manus team and technology to Singapore and subsequent sale to Meta requires export licenses under Chinese law. The report states that the review may focus on whether the Manus team developed export-controlled technologies within China. Although the review is still in its early stages, if the assessment concludes that export licenses are required, the Chinese government may have the right to intervene in the transaction, and in extreme cases, even terminate it.
Financial Times: China is reviewing Meta's $2 billion acquisition of Manus.
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




