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Chinese AI startups like Moonshot AI and StepFun are reportedly shifting from offshore to domestic structures, as Beijing tightens control over the tech sector.
Meta is preparing to unwind its $2 billion acquisition of AI startup Manus after China’s National Development and Reform Commission ordered the deal’s cancellation.
China has blocked Meta's $2 billion Manus acquisition, dealing a potential setback to Zuckerberg's push into AI agents. The decision reflects growing regulatory scrutiny of major tech deals in China.
