Meta announced plans to acquire Manis (a Chinese-founded agentic AI startup) for approximately $2 billion USD in December of the previous year, but Beijing rejected the acquisition on regulatory and national security grounds and ordered the deal to be unwound.
factualpending
Speaker
Alice HanEvidence Quote
“in December of last year, US company Meta announced plans to acquire Manis for roughly $2 billion US...Beijing rejected this on regulatory national security grounds and ordered the deal be unwound”
Source
China Just Dropped Its Jobs Target for the First Time in Decades | China Decode— The Prof G Pod – Scott GallowayCreated: 8/12/2026, 6:40:15 PM
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