China’s NDRC flexes new regulatory power, orders Meta to unwind Manus AI deal
TL;DR Summary
China’s National Development and Reform Commission has ordered Meta to unwind its $2 billion Manus AI acquisition, signaling Beijing’s expanded use of the NDRC as a central regulator over security-sensitive tech and marking a new phase in China’s tech governance akin to a domestic CFIUS, with broader implications for cross-border deals, supply chains and AI strategy amid US-China tensions.
Topics:business#artificial-intelligence#chinese-politics-and-policy#meta-platforms#technology#technology-regulation#us-china-relations
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- Meta Is Preparing to Have to Undo Its Manus Acquisition After China Ban WSJ
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