Global Market | Tencent explores stake in AI Startup Manus after China challenges Meta deal: Reports

Tencent is negotiating alongside existing investors ZhenFund and HSG to buy back AI startup Manus from Meta in a deal valued at no less than $2 billion. The move comes after Beijing ordered Meta to unwind its December acquisition of Manus, citing concerns over cross-border investment rules amid heightened US-China geopolitical tensions. Manus, which relocated from China to Singapore last year, will see Tencent emerge as its largest shareholder in the proposed buyback, while Meta has already internally separated operations from Manus and halted data sharing.