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AI & Enterprise

Manus in talks to raise $500 million after Meta merger deal falls through

Chinese AI startup Manus is seeking to raise $500 million at a valuation of $4 billion after a deal to be sold to Meta fell through. TechCrunch reported potential participants include IDG Capital, Bowy Capital, battery maker CATL and existing investors Tencent, HSG and ZhenFund. The company is also considering restructuring to prepare for a Hong Kong initial public offering. Meta had announced a $2 billion acquisition last December.

AI & Enterprise

Manus returns to independent company after $2 billion merger with Meta collapses

Chinese AI agent startup Manus will soon resume operating as an independent company after a $2 billion deal to be acquired by Meta collapsed. CNBC reported on Aug. 11 that Chinese regulators in April demanded the withdrawal of the transaction, and the two sides have since been carrying out separation work. Manus was founded in China in 2022 and later moved to Singapore. Meta announced the acquisition last December.

AI & Enterprise

Tencent shifts bets to China\'s AI leaders from DeepSeek to AI chips

Tencent is rapidly shifting its investment focus from traditional internet companies to Chinese artificial intelligence firms, investing across large language model startups, AI chips and general-purpose AI agents. It sold part of its stake in Kuaishou but joined a $3 billion funding round for Kuaishou’s Kling AI service. Tencent has backed Moonshot AI and DeepSeek, and has invested in Manus operator Butterfly Effect. It also holds stakes in Zhipu AI, MiniMax, Enflame Technology and Lightelligence.