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China Hits Back, Blocks Meta's Mega AI Bid

April 27, 2026
Source: timesnownews.com timesnownews.com
News Snapshot:
China has decided to block Meta’s $2 billion acquisition of agentic AI startup Manus, a move to unwind a controversial deal that’s drawn fire for the leakage of technology to the US, country’s top economic planning body said. The National Development and Reform Commission ordered the deal’s cancellation in a brief statement Monday. The decision was made in accordance with laws and regulations, the powerful state planner said in a one-line notice, without elaborating. Meta representatives didn’t immediately respond to requests for comment.
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China Tech Buzz Topics: acquisition | AI | bid | block | China | commission | development | Economy | LINE | Meta | National Development and Reform Commission | startup | technology

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