Meta to Buy Manus, an AI Startup With Chinese Roots [Yahoo! Finance Canada]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Meta intends to continue operating and selling the Manus service while also integrating the technology into its products, it said in a statement. Backed by some of China's biggest names including Tencent Holdings Ltd., ZhenFund and HSG, Manus shot to prominence early this year not long after DeepSeek's debut. All of its existing investors have been bought out in Meta's takeover, one of the people said. It's unclear whether severing Chinese ties will ease government concerns at a time when the Asian nation and the US are vying for AI dominance. “There will be no continuing Chinese ownership interests in Manus AI following the transaction, and Manus AI will discontinue its services and operations in China,” a Meta spokesperson said. Manus' parent company, Butterfly Effect Pte, was founded in China before moving to Singapore. Zuckerberg has made AI his company's top priority, and is spending billions to hire researchers, build data centers and develop new
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