Meta Platforms (META) – Social Media and AI Company Fails with $2 Billion Deal: China Blocks Acquisition and Tightens Tech Controls!
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The US technology company Meta Platforms suffers a serious setback in the global AI race: China's regulatory authorities have unexpectedly blocked the planned acquisition of the AI startup Manus , valued at over $2 billion. The powerful National Development and Reform Commission has reportedly ordered the complete termination of the transaction. Behind this move is an increasingly restrictive stance by Beijing towards foreign investments in strategically important future technologies . Observers see this not just as a one-off decision, but...
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