Sources: in recent weeks, China told tech companies, like ByteDance and Moonshot AI, to reject US capital without state approval, after Meta's Manus acquisition
Chinese regulators plan to restrict technology firms including some of the country's highest-profile AI pioneers …
China to Curb US Investment in Tech Companies After Meta Deal Agencies including the National Development and Reform Commission have told several private firms they should reject capital of US origin in funding rounds unless explicitly approved https://www.bloomberg.com/...
Chinese tech firms are being told to reject US capital unless they get sign off from key agencies including the National Development and Reform Commission. [image]
Bloomberg: Chinese regulators plan to restrict technology firms from accepting US capital without government approval - 'part of Beijing's broader response to Meta Platforms Inc.'s controversial acquisition of [AI] startup Manus.'