Beijing: China has blocked a planned foreign takeover of the artificial intelligence startup Manus, in a move that reflects growing concern over control of advanced technologies. The decision is seen as part of a wider effort by Beijing to protect its strategic industries as global competition in artificial intelligence intensifies.
The deal involved US tech giant Meta Platforms, which had agreed to acquire Manus in a transaction reportedly worth about two billion dollars. However, Chinese authorities stepped in after a regulatory review and ordered the deal to be stopped, citing national security concerns.
Officials were particularly worried that key artificial intelligence technology developed by Manus could move outside the country if the acquisition went ahead. China has been increasingly cautious about allowing sensitive technologies and expertise to be transferred abroad, especially to the United States.
Manus, launched in 2025, has gained attention for developing advanced AI systems capable of carrying out complex tasks with minimal human input. Its rapid growth and technical capability made it an attractive target for global investors, including Meta, which is expanding its presence in artificial intelligence.
Although Manus had shifted some of its operations to Singapore in an effort to position itself as a global company, Chinese regulators still considered it closely linked to domestic technology and interests. Reports also indicated that certain company executives faced restrictions during the review process, showing the seriousness of the intervention.
The decision comes at a time of rising tensions between China and the United States over technology and trade. Both countries are competing to lead in artificial intelligence, while also imposing restrictions on investments and technology transfers.
Analysts say the move sends a strong signal that China is determined to keep control over its key innovations. It also highlights how artificial intelligence is now viewed not just as a business opportunity but as a matter of national importance.