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China blocks Meta's $2 billion takeover of AI startup Manus

China's state planner on Monday called for Meta to unwind its $2 billion acquisition of Manus, a Singaporean artificial intelligence startup with Chinese roots.The decision to prohibit foreign investment in Manus was made in accordance with laws and regulations, the National Development and Reform Commission said in a brief statement. It added that it has asked the parties involved to withdraw the acquisition transaction.CNBC has contacted Meta for comment. Its stock was up slightly in morning t...

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