The National Development and Reform Commission ruled that the $2 billion deal was invalid, and ordered the companies to unwind.

Meta plans to reverse its $2.5 billion acquisition of AI startup Manus after China banned the transaction for national ...

China has ordered Meta to unwind its $2 billion acquisition of AI startup Manus, highlighting rising scrutiny over foreign ...

Analysts had warned the deal could fall foul of regulators at a time of fierce technological rivalry between Washington and ...

Beijing has given the two firms a preliminary deadline of several weeks to reverse the transaction Read more at The Business ...

The move follows a direct order from Beijing, which is tightening its oversight of foreign investment in domestic companies ...

HONG KONG/PALO ALTO, California -- China's move to block Meta's $2 billion acquisition of Chinese-founded AI startup Manus ...

Under a proposed policy known as the “News Bargaining Incentive,” the government plans to impose a levy of around 2% on the ...