BEJING, April 27 -- China has blocked Meta's acquisition of AI startup Manus, the top economic planning body said today, after a regulatory review that reportedly also saw Beijing restrict two co-founders from leaving the country.
Facebook owner Meta had agreed to acquire Manus, an artificial intelligence agent created by a company founded in China but now based in Singapore, the two firms said in December.
Analysts however had warned then the deal could fall foul of regulators at a time of fierce technological rivalry between Washington and Beijing.
The Financial Times reported last month that China had restricted two Manus co-founders from leaving the country, citing three people with knowledge of the matter.
Chief executive Xiao Ho...
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