China Blocks Meta's $2 Billion Acquisition of Manus AI Startup

China has blocked Meta Platforms' $2 billion acquisition of AI startup Manus, a surprising move aimed at canceling a controversial deal criticized for potential technology leakage to the U.S. The National Development and Reform Commission issued a statement ordering the cancellation. This decision reflects China's tightening oversight on major AI companies following the near-completion of the acquisition. Manus is among many Chinese tech firms relocating to Singapore to avoid U.S.-China tensions, prompting an investigation into illegal foreign investments.