China Blocks $2 Billion Meta Deal in AISector

Author: Zayneb ElasraouiPublished on: April 27, 2026Country: China

PoliticsBusiness & EconomyTechnology

China Blocks $2 Billion Meta Deal in AISector

China has blocked Meta's planned $2 billion acquisition of the AI startup Manus, reflecting escalating tensions between the U.S. and China over control of strategic technologies. Chinese regulators informed the involved parties that the deal was canceled due to possible violations of investment rules. This decision comes as competition intensifies between the world's two largest economies in the AI sector.

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