China's Tightrope: Navigating Tech Deals in a Global Arena
The Chinese government shows its support for companies involved in transnational operations and technology collaborations. Amidst Meta's billion-dollar acquisition of the AI startup Manus, China has retained the co-founders for regulatory assessment, highlighting the delicate balance of foreign investment policies.
- Country:
- China
The Chinese government is actively backing companies engaged in transnational operations and technological collaborations, as expressed by commerce ministry spokesperson He Yadong on Thursday.
This announcement came in response to inquiries about China's stance on Meta's acquisition of Chinese artificial intelligence startup Manus.
China has currently restricted the travel of Manus's co-founders, as regulators embark on a review to determine whether Meta's $2 billion deal falls in line with investment guidelines, as per a March report by the Financial Times.
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