On April 27, China blocked Meta Platforms' acquisition of AI startup Manus, which was founded in China but is currently based in Singapore.
On April 27, China's National Development and Reform Commission (NDRC) blocked Meta Platforms' acquisition of AI startup Manus, which was founded in China but is currently based in Singapore.
Many interpret the move as part of a broader escalation in US-China technology competition, and a sign that restrictions can apply even when transactions are structured offshore.
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