March 25 (Reuters) - China has barred two co-founders of
artificial intelligence startup Manus from leaving the country
as regulators review whether Meta's $2 billion
acquisition of the firm violated investment rules, the Financial
Times reported.
Manus's chief executive Xiao Hong and chief scientist Ji
Yichao were summoned to a meeting in Beijing with the National
Development and Reform Commission (NDRC) this month, the FT said
on Wednesday, citing people with knowledge of the matter.
Following the meeting, the executives were told they could
not leave China due to a regulatory review, though they are free
to travel within the country, the report said.
Manus is actively seeking legal and consulting assistance to
help resolve the matter, the newspaper said.
"The transaction complied fully with applicable law. We
anticipate an appropriate resolution to the inquiry," a Meta
spokesperson told Reuters in an emailed statement.
China's Ministry of Public Security and Manus did not
immediately respond to requests for comment.
Meta announced in December that it would acquire Manus,
which develops general-purpose AI agents capable of operating as
digital employees, performing tasks such as research and
automation with minimal prompting.
Financial terms of the deal were not disclosed, but a source
told Reuters at the time that the deal valued Manus at $2
billion-$3 billion.
Earlier this year, China's commerce ministry had said it
would assess and investigate Meta's acquisition of Manus.