Xi rests China’s reach by blocking Meta deal that’s already done
Published on: April 27, 2026, 11:41 p.m. | Source: CNBC TV18
China has ordered Meta Platforms to unwind its $2 billion acquisition of AI startup Manus, marking one of Beijing’s most aggressive interventions in an overseas technology deal. The move signals tighter scrutiny of Chinese-origin AI talent, capital and intellectual property even after companies shift offshore, and raises uncertainty over cross-border M&A in advanced technology sectors.
