Chinese Backers Plan US$2 Billion Buyback of Manus from Meta Following Beijing's Deal Reversal Order

According to Reuters, early Chinese backers of Manus reportedly plan to buy the company back from Meta at US$2 billion on June 18, after Chinese authorities ordered the deal reversed. The National Development and Reform Commission issued the reversal order on April 27, 2026. Meta announced the acquisition of the Chinese AI startup in December 2025 at a reported valuation exceeding US$2 billion. The move reflected broader concern over foreign ownership of Chinese AI talent and intellectual property.
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