Sources: the early Chinese backers of Manus, including HSG, ZhenFund, and Tencent, plan to buy the AI startup back from Meta at the $2B price Meta paid
The early Chinese backers of AI firm Manus are planning to buy the firm back from Meta Platforms at the $2 billion price Meta paid …
Manus revenue up to $400-500M now, up from $100M at time of acquisition. Original backers (-Benchmark) are reportedly buying it back from Meta at the $2B price paid. Meta separated the business a while ago, may end up being a W for China, company will incorporate there. [image]