Bloomberg: China’s state planner has decreed that Meta Platforms Inc. must cancel its acquisition of AI startup Manus, a deal that was sealed four months prior.
The decision targets a US tech company with little to no business operations in China and a startup that had legally moved to Singapore, and its implications are uncertain.
The move may serve as a warning to other Chinese startups considering expanding internationally, as Beijing seeks to monitor and prevent talent loss and technology leakage…