Sources: China bars Manus co-founders Xiao Hong and Ji Yichao from leaving the country as it reviews whether Meta's $2B acquisition of Manus violates FDI rules
Financial Times
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Discussion
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@niubi
Bill Bishop
on x
Why did Manus CEO and chief scientist go back to Beijing when summoned? Did they really not think they would be in trouble? https://www.ft.com/... China reviews $2bn Manus sale to Meta as founders barred from leaving country [image]
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@burakgurel1980
Burak Gürel
on x
With success come new challenges: “Further scrutiny of the transaction highlights growing concern about what Chinese leaders have described as ‘selling young crops’ to foreign buyers in strategic areas such as AI.” https://www.ft.com/...
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@michael7ucci
Michael Lucci
on x
Communist China has hatched a bold and innovative new strategy: lock up our best entrepreneurs! The next Chinese entrepreneurs will leave and never look back. It's time to choose a side of the Pacific: 🇺🇸Freedom, innovation, #1 tech ecosystem 🇨🇳Open-air prison
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@niubi
Bill Bishop
on x
This week's episode of Sharp China. We discussed the Manus situation near the end, before the latest FT story came out, did not know top two execs were back in the PRC https://sinocism.com/... [video]
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@dccockfoster
Duncan Cock Foster
on x
Founding a company in China is a crazy thing to do You have all of the normal stress and difficultly of being a founder. Then, if you beat the odds and succeed, the government will imprison you 😂 Imagine how many big companies China would have if they were founder friendly
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@linahuaa
LinaHua
on x
So the Manus founders transferred the company to Singapore and sold their business to Meta for $2b. They thought they were being clever for circumventing China's tech export controls, but you don't fuck with the CCP like that. You WILL be made an example of, so others don't get
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@beffjezos
@beffjezos
on x
Founders of AI companies are simply not safe in China. They are a property of the government.
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@zephyr_z9
@zephyr_z9
on x
Apparently, Xiao and Peak can't leave China and are detained [image]
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@himanshustwts
Himanshu
on x
So both Cofounders of Manus (Xiao Hong and Ji Yichao) are reportedly barred from leaving China. It's beyond my mind how'd you still think to stay in mainland after Meta acquisition? The only good theory possible can be if they are cooking something new in China itself.
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@theonejvo
Jamieson O'Reilly
on x
Well, I guess we all know what the post WW3 operation paperclip equivalent will look like.
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@denisewu
Denise Wu
on x
Manus put in a lot of effort into their “Singapore-washing”. What were they thinking of going back to China, knowing exactly what would happen?
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@deanwball
Dean W. Ball
on x
If we were smart we'd see this as a major self own by China, as natsec-brained public policy so often is. The message the government is sending is: if you ever want to found a company, especially one that makes money on software, move to Singapore first (easier to get GPUs too!).
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@bytebot
Colin Charles
on x
And here I thought they were based in Singapore... but it looks like they went back for this meeting that they were summoned to. Manus is already integrated within tools like Instagram, so it would seem this acquisition is complete, why the review? Also, FB (Meta) has strict
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@niubi
Bill Bishop
on x
I didnt think the Manus top execs would be so naive as to go back to the PRC. expect they will have to spit back out a lot of what they made. The regulators should go after the VCs too who structured this deal to “wash” Manus into a Singapore company, to make it clear that this
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@pstasiatech
Paul Triolo
on x
Yes, how would the US government react if leading lab wanted to relocate to China? Oh wait, there are laws that would prevent this....
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@kakashiii111
@kakashiii111
on x
Any acquisition, merger, or acquihire involving a Western company, especially a U.S. company, will be taken seriously by Chinese authorities. The acquihire approach has angered them and has therefore led to the prohibition of Manus founders from leaving China. From their
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@kevinsxu
Kevin S. Xu
on x
China has been serving up these “own goals” for years. And we haven't been able to take advantage on any policy level, organic migration aside. The over demonization of everything PRC in DC, from drones (legitimate) to garlic (hmmm...) to people (needs lots of nuance) is our own
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@chinaselect
@chinaselect
on x
The CCP's response to the @ManusAI deal sends a clear message: there is no such thing as a truly “private” tech company in China. Even when firms seek to globalize or exit the Chinese market, the CCP retains leverage, through regulatory review, ownership structures, and direct
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@thezvi
Zvi Mowshowitz
on x
When our side tries to melt down our public policy and drive all the AI innovation and companies away out of fear at least it does so regarding one of the three companies that matter most. China is doing it over... Manus.
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@macastel3
Marco Castelli
on x
China is sending a message to AI founders: don't sell to US companies Like a sort of golden share Similar to what US told many European companies to dismiss businesses in China or taking money from China Possibly Meta will have to cancel the purchase
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@deanwball
Dean W. Ball
on x
To be clear, self-defeating, simian natsec policy is one of the things the U.S. and Chinese civilizations share in common. If I were an AI policy planner in Beijing, I would be popping champagne (or the domestic equivalent) over the DoW-Anthropic stuff.
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@chamath
Chamath Palihapitiya
on x
The China AI Complex is much more nuanced than what it appears on the surface (open source/open weights, cheaper/faster/better value props) when you factor in the CCP and their long term objectives. Also, I mostly stopped hearing about Manus after OpenClaw. Do folks use this?
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@thegeorgepu
George Pu
on x
You get a phone call. Report to Beijing. China's NDRC wants to see you. You sit down across from them. They know everything. The restructuring. The Singapore move. The $75 million from Benchmark. The $2 billion from Meta. The 80 employees you laid off in Beijing. The