Meta's Manus deal lifts confidence in Chinese startup innovation.

Meta agreed to buy Singapore-based startup Manus, whose founding team is from China. The acquisition has been welcomed by many Chinese venture investors.

Meta announced the purchase of Singapore-based AI startup Manus, which was founded by a team raised in China. The deal has been greeted warmly in many Chinese venture circles as a sign of growing confidence among Chinese founders. Manus rose to attention this year for its AI agents that perform tasks on users' behalf. Over the past months the company moved to distance some ties to China, and Meta said there will be no continuing Chinese ownership interests in Manus. Manus services and operations in China will stop after the transaction. What was reported: - Meta announced the acquisition of Singapore-based Manus. - The deal values the startup at more than $2 billion, months after its first product. - Manus's core founders were born and raised in China. - Meta stated there will be no continuing Chinese ownership interests and Manus operations in China will halt. - Chinese venture investors responded positively to the acquisition. Summary: The purchase has given many Chinese founders and investors a morale boost and is being framed as evidence of Chinese-born entrepreneurs achieving global milestones. The deal has also prompted attention from US policymakers and observers, and the regulatory outcome is undetermined at this time.