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China blocks 2-billion-dollar Meta-Manus deal
Manoss announced that it will resume its operations as an independent company after Chinese authorities compelled Meta to withdraw from a deal valued at around two billion dollars. The deal was intended to facilitate the integration of advanced AI technologies developed by Manoss, which was founded in China in 2022 before relocating its headquarters to Singapore. The transaction faced regulatory scrutiny from both China and the United States and was canceled last April due to conflicts with foreign investment laws and China's tightening restrictions on technology exports. The plan affected some users who needed to retain backups of their data, while Meta is seeking to strengthen its presence in artificial intelligence through the launch of new tools and expanded investments in the sector.
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