China bans Meta's acquisition of Manus and demands the cancellation of the transaction

China prohibits Meta from acquiring the artificial intelligence startup Manus and demands the cancellation of the transaction. The deal involves over $2 billion and is under review by the Ministry of Commerce of China to determine if it violates technology export controls. Manus was founded by a Chinese team, later moved to Singapore, and downsized its Beijing team. Meta believes that Manus's technology will accelerate the development of its AI services