TechFlow news, on January 8, according to Jinshi Data report, the Ministry of Commerce held its regular press conference. Responding to questions about China's review of Meta's acquisition of AI platform Manus, MOFCOM spokesperson He Yadong said: "The Chinese government has always supported enterprises in conducting mutually beneficial and win-win international operations and technological cooperation in accordance with the law. It should be noted that companies engaging in foreign investment, technology exports, data cross-border transfers, cross-border mergers and acquisitions, and similar activities must comply with Chinese laws and regulations and fulfill statutory procedures. The Ministry of Commerce will work with relevant departments to assess and investigate whether this acquisition complies with related Chinese laws and regulations concerning export controls, technology import and export, and foreign investment."
Previous report, the Financial Times reported that China is reviewing Meta's $2 billion acquisition of Manus, with extreme outcomes potentially leading to termination of the deal.
