CoinVoice has learned from reports in the UK Financial Times that Chinese authorities are reviewing Meta's $2 billion acquisition of artificial intelligence platform Manus, assessing whether the transaction violates technology export controls. Two informed sources revealed that Commerce Ministry officials have begun evaluating whether the transfer of Manus team and technology to Singapore and subsequent sale to Meta requires export licenses under Chinese law.
According to reports, the review of the transaction may focus on whether the Manus team developed export-controlled technology within China. Although the review is still in its early stages, if the assessment determines that export licenses are required, the Chinese government may have the right to intervene in this transaction, and in extreme cases could potentially lead to termination of the deal.
CoinVoice has learned from reports in the UK Financial Times that Chinese authorities are reviewing Meta's $2 billion acquisition of artificial intelligence platform Manus, assessing whether the transaction violates technology export controls. Two informed sources revealed that Commerce Ministry officials have begun evaluating whether the transfer of Manus team and technology to Singapore and subsequent sale to Meta requires export licenses under Chinese law.
According to reports, the review of the transaction may focus on whether the Manus team developed export-controlled technology within China. Although the review is still in its early stages, if the assessment determines that export licenses are required, the Chinese government may have the right to intervene in this transaction, and in extreme cases could potentially lead to termination of the deal.