Published 12 days ago • loading... • Updated 10 days ago

China Bars Manus Co-Founders from Leaving Country Amid Meta Deal Review

On March 25, Chinese authorities barred Manus co-founders Xiao Hong and Ji Yichao from leaving the country, the Financial Times reported, citing a regulatory review of Meta's $2 billion acquisition.
The National Development and Reform Commission summoned Xiao Hong and Ji Yichao to a meeting in Beijing this month to investigate whether the deal violated investment rules.
Meta stated the transaction complied fully with applicable law, while sources previously valued the Manus deal between $2 billion and $3 billion, though financial terms were not officially disclosed.
Authorities informed the executives they could not leave China, though they remain free to travel domestically; Manus is seeking legal and consulting assistance to resolve the matter.
A Meta spokesperson told Reuters they anticipate "an appropriate resolution to the inquiry," as the Ministry stated earlier it would investigate the deal involving Manus's general-purpose AI agents.

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33 Articles

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11 days ago

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The Straits Times

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China restricts S'pore-based Manus founders from leaving: Report

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11 days ago·Singapore

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The Washington Post

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China bars executives at Meta-owned AI company from leaving country

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11 days ago

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After Sale to Meta: Beijing Prevents Manus Founders From Leaving

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11 days ago·Düsseldorf, Germany

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