Hong Kong, 10 July 2026 – Tencent is leading an investor group to unwind Meta Platforms’ US$2 billion acquisition of AI agent startup Manus, after Chinese authorities moved to reverse the deal amid growing scrutiny over strategic artificial intelligence assets.
The transaction marks one of the clearest signs yet that the global AI race is no longer only about technology capability, but also about national control, regulatory approval and cross-border ownership.
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