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China blocks Meta’s $2 billion AI deal, flags security concerns

April 29, 2026
Source: lokmattimes.com lokmattimes.com
News Snapshot:
New Delhi, April 29 China has blocked Meta’s proposed $2 billion acquisition of artificial intelligence startup Manus, citing national security concerns, in a move that signals tighter regulatory scrutiny of cross-border technology deals, a new report has said.According to a report by Modern Diplomacy, the National Development and Reform Commission (NDRC) ordered the transaction to be unwound under foreign investment security rules introduced in 2021, which underscores Beijing’s increasing control over the transfer of domestic technology and talent to overseas firms.The decision was driven not by the company’s place of incorporation but by its underlying links to China, including technology...
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