Meta Platforms has reportedly initiated the process of unwinding its $2 billion acquisition of Manus, a move that follows a direct order from Beijing. The action comes after Chinese regulators mandated a reversal of the deal, citing unspecified concerns. This development marks a significant setback for Meta's strategic expansion plans and highlights the increasing regulatory hurdles faced by global technology companies operating within China's jurisdiction.
The directive from Chinese authorities, which has not been publicly detailed by either Meta