China blocks Meta’s acquisition of AI startup Manus

China on Monday blocked U.S. tech giant Meta’s acquisition of the artificial intelligence startup Manus, in an unexpected move to reverse a deal that apparently aroused Beijing’s concerns about the transfer of advanced technology. In a one-line statement, China’s National Development and Reform Commission, the country’s top planning agency, said it was prohibiting the foreign acquisition of Manus and had required all the parties to withdraw from the deal. It did not specifically name Meta Platforms, which owns Facebook and Instagram. Manus, which has Chinese roots but is based in Singapore,...