China said on Thursday it would assess and investigate Meta’s acquisition of artificial intelligence startup Manus, in a move highlighting its technology rivalry with the US.
Meta announced last week it was buying Manus, which is Singapore-based with Chinese roots, as the California tech giant behind Facebook and Instagram expands its AI offerings across its platforms.
It is a rare acquisition by a US tech group of an AI company with Chinese roots, at a time of heightened frictions between Washington and Beijing.
On Thursday, China’s Commerce Ministry spokesperson He Yadong told reporters that it would work with relevant departments to assess and investigate whether Meta’s acquisition of Manus is consistent with Chinese laws and regulations.
Any enterprises engaging in outward investment, technology export, data transfer and cross-border mergers and acquisitions must comply with Chinese laws, He said.
Meta and Manus did not immediately reply to requests for comment.
Security has​China said on Thursday it would assess and investigate Meta’s acquisition of artificial intelligence startup Manus, in a move highlighting its technology rivalry with the US.
Meta announced last week it was buying Manus, which is Singapore-based with Chinese roots, as the California tech giant behind Facebook and Instagram expands its AI offerings across its platforms.
It is a rare acquisition by a US tech group of an AI company with Chinese roots, at a time of heightened frictions between Washington and Beijing.
On Thursday, China’s Commerce Ministry spokesperson He Yadong told reporters that it would work with relevant departments to assess and investigate whether Meta’s acquisition of Manus is consistent with Chinese laws and regulations.
Any enterprises engaging in outward investment, technology export, data transfer and cross-border mergers and acquisitions must comply with Chinese laws, He said.
Meta and Manus did not immediately reply to requests for comment.
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