The Chinese government has reportedly restricted the co-founders of Manus from leaving the country as it reviews the company’s $2.5 billion acquisition by Meta Platforms (NASDAQ:META).
The two co-founders of Manus, Xiao Hong and Ji Yichao, were summoned earlier this month for a meeting with the National Development and Reform Commission in Beijing to discuss the acquisition, according to The Wall Street Journal report.
Following the meeting, officials instructed the Singapore-based executives not to leave China until further notice, citing an ongoing review.
Relocation And Ownership Scrutiny
The acquisition of Manus, which develops an advanced AI agent, by Meta Platforms has drawn scrutiny from Chinese regulators. The company’s actions, including relocating most of …
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