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The Economic Times
The Economic Times

ETtech Explainer: How the Meta-Manus deal came apart, and Tencent moved in

Manus Meta Tencent United States ZhenFund Singapore

Chinese technology company Tencent is in discussions to become the biggest shareholder in artificial intelligence (AI) startup Manus, according to a Reuters report.

The talks come after Chinese regulators ordered Meta to reverse its $2 billion acquisition of the company. Tencent is working with Manus' early investors , including ZhenFund and HSG, to buy the company back from Meta for at least $2 billion, Reuters reported, citing sources familiar with the discussions. The Financial Times first reported the talks.

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