WNA Globe

World News by Wild Rose

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China blocks Metaโ€™s Manus deal after months-long probe, thwarting purchase

Beijing has blocked the proposed purchase by Meta Platforms of artificial intelligence firm Manus, a start-up that is officially registered in Singapore but developed its products in mainland China. The National Development and Reform Commission, the countryโ€™s top economic planner, announced the ruling in a statement on Monday, and asked the parties involved in the deal to cancel the transaction. Neither Meta nor Manus immediately responded to a request for comment on Monday. The decision...