NewsHK

Tencent to become Manus's largest shareholder as Beijing orders reversal of Meta's $2bn AI deal

7/17/2026

Cross-border capital flows in artificial intelligence hit a hard stop, courtesy of Beijing.

Tencent, the Chinese technology conglomerate, is set to become the largest shareholder in Manus, the AI agent start-up, after Chinese authorities ordered Meta to reverse its $2 billion acquisition of the company.

The Chinese giant is leading the deal to unwind the US takeover. The order and what it means for the cap table The directive from Beijing is not a regulatory condition or a structural remedy.

A completed $2 billion acquisition of a Chinese AI asset by a US platform has been ordered reversed in full.