China tightens control over foreign investment after blocking deal between Meta and Manus

▤ Summary

China has tightened rules on overseas investment and technology transfer after blocking Meta’s attempted purchase of the AI platform Manus. The new regulations take effect on July 1 and expand scrutiny over foreign investments made by Chinese companies and citizens. They also restrict indirect export of technology or data through technical staff transfers, remote assistance, and cross-border training. The government will increase security reviews, require cooperation with investigations, and impose penalties of up to 10% of the investment value for violations.

▦ Linked Companies

Meta

$1B+