CNBeta — 2026-04-28#
Top Story#
According to a CCTV report, Chinese authorities officially blocked Meta’s $2 billion acquisition of AI startup Manus, citing national security and the unauthorized “washout-style” outbound migration of domestic assets. Although Manus moved its headquarters to Singapore and fired its domestic team, regulators determined that its core tech and engineering foundation were built in China, triggering strict cross-border investment compliance risks. This sends a stark warning to Chinese AI founders seeking to bypass domestic regulations by restructuring as foreign entities to secure U.S. buyouts.