How Manus distanced itself from its Chinese roots to court US investors; a source says Meta's $2.5B deal includes a $500M retention pool for Manus' employees
The $2.5 billion deal could herald a new era for China-linked AI companies and U.S. investors — Workers at Butterfly Effect …
Meta says Manus, initially based in Beijing and Wuhan, will cut Chinese investor ties after the deal and “will discontinue its services and operations in China”
PALO ALTO, California/HONG KONG — Meta says it will acquire AI startup Manus and that the Singapore-based company …
Meta agrees to acquire Singapore-based startup Manus, which makes an AI agent for SMBs; Manus said earlier in December its annual revenue run rate was $125M+
Meta Platforms Inc. has agreed to buy Manus, a popular Singapore-based artificial intelligence agent with Chinese roots …
Sources: Meta is buying Manus for $2B+; Manus was raising at a $2B valuation when Meta approached it; Manus CEO Xiao Hong will report to Meta COO Javier Olivan
The deal for more than $2 billion is one of the first in which a major U.S. tech company has bought a startup with Chinese roots
A look at Tokyo-based neocloud provider Datasection, which sources say has a $1.2B+ contract giving Tencent access to a large share of its 15K Blackwell chips
Contracts with Chinese tech giant have rapidly turned Datasection into one of Asia's biggest ‘neoclouds’
iRobot files for Chapter 11 bankruptcy and reaches a restructuring agreement to hand over control to its secured lender and main Chinese supplier Shenzhen Picea
iRobot Corp., the company that revolutionized robot vacuum cleaners in the early 2000s with its Roomba model …
Chinese state-backed chipmaker Hygon, which makes server CPUs, calls off merger with its top shareholder and server maker Sugon; the merger was announced in May
Wataru Suzuki / Nikkei Asia :
Dutch media: ASML has sold parts to a subsidiary of a Chinese army supplier, per Chinese import and export data; ASML says it can't confirm the report
Customers of chip equipment maker ASML (ASML.AS) include at least one firm with links to the Chinese military, Dutch television program Nieuwsuur reported on Tuesday.
Sources: Chinese investment firm Capital Today bought ByteDance shares at a $480B valuation in a bidding auction; ByteDance had a ~$330B valuation in September
Dong Cao / Bloomberg :
Sources: ByteDance may get ~50% of TikTok US' overall profit, including a licensing fee of 20% of revenue, despite selling majority ownership to US investors
TikTok's Chinese parent company will likely get about half of the profit from the platform's US operation even after it sells majority ownership …