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AI & Enterprise

China regulators block Meta\'s acquisition of Manus, order deal termination

Chinese regulators have moved to block Meta\'s acquisition of AI agent startup Manus, with foreign media reporting authorities ordered the deal treated as if it never happened. An organisation under the National Development and Reform Commission said it would ban a foreign company from acquiring the Manus project under relevant laws, without naming Meta or giving reasons. Meta announced the deal in December, and the Wall Street Journal reported it was worth more than $2 billion.

Mobility

Hyundai Motor unveils China-focused Ioniq V at world premiere, bets on local platform and battery

Hyundai Motor has stepped up its electrification push aimed at the China market, putting a locally dedicated electric vehicle, the Ioniq V, at the centre of a broader plan spanning products, investment and technology cooperation. The company unveiled the model at Auto China 2026 in Beijing and officially launched its Ioniq electric vehicle brand in China. It also set out plans to invest 8 billion yuan and roll out 20 new models over five years.

Industry

Huawei to spend up to 80 billion yuan on self-driving computing over five years

Huawei will invest up to 80 billion yuan over the next five years to expand computing capacity needed to train and test self-driving cars. The spending aims to improve reliability of vehicles using its Qiankun ADS advanced driver-assistance system and to add more customers. An executive said Huawei plans to allocate 18 billion yuan to autonomous driving R&D in 2026. Qiankun ADS has surpassed 10 billion km in cumulative autonomous driving distance.