Tencent moves to buy majority stake in Manus after Beijing forced Meta to unwind its $2 billion deal

Tencent is negotiating to acquire a majority stake in AI startup Manus at a $2 billion valuation, as reported by the Financial Times. This move follows Beijing's intervention that forced Meta to unwind its acquisition of Manus. Tencent is exploring this opportunity to expand its AI capabilities. The company sees significant overlap with its own AI agent plans, particularly for its WeChat platform. U.S. firm Benchmark is not expected to participate in the deal, leaving Tencent with a clearer path to enhance its investments in the AI sector.