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The Economic Times
The Economic Times
Anupam Nagar

Global Market | Tencent explores stake in AI Startup Manus after China challenges Meta deal: Reports

Manus Meta Tencent China ZhenFund

Chinese technology giant Tencent is in talks to become the largest shareholder in artificial intelligence startup Manus, as investors explore alternatives after Chinese regulators ordered Meta to unwind its $2 billion acquisition of the company, according to people familiar with the matter, Reuters reported.

Tencent is negotiating a deal alongside Manus' original investors, including ZhenFund and HSG, to buy back the AI startup from Meta in a transaction valued at no less than $2 billion.

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