China to probe Meta’s $2 bn acquisition of AI startup Manus amid rising tech curbs

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China’s commerce ministry announced on Thursday, January 8, that it will assess and investigate Meta’s acquisition of artificial intelligence startup Manus, amid concerns over compliance with Chinese laws and regulations.

The ministry said companies involved in foreign investment, technology exports, data transfers abroad, and acquisitions must adhere to Chinese laws. “The Chinese government consistently supports enterprises in conducting mutually beneficial transnational operations and international technological cooperation in accordance with…



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China to probe Meta’s $2 bn acquisition of AI startup Manus amid rising tech curbs


China’s commerce ministry announced on Thursday, January 8, that it will assess and investigate Meta’s acquisition of artificial intelligence startup Manus, amid concerns over compliance with Chinese laws and regulations.

The ministry said companies involved in foreign investment, technology exports, data transfers abroad, and acquisitions must adhere to Chinese laws. “The Chinese government consistently supports enterprises in conducting mutually beneficial transnational operations and international technological cooperation in accordance with…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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