Mmastodon TechnologySemiconductors first seen 17 h ago, last 8 h ago, peak #3

Chinese VCs double Manus valuation to $4B after blocked Meta deal

Original: Beijing blocked Meta's $2B acquisition of AI agent startup Manus in April, but Chinese VCs just stepped in to double its

Beijing blocked Meta's $2 billion acquisition of AI agent startup Manus in April. Chinese venture investors have now stepped in with a roughly $500 million funding round led by Boyu Capital and IDG Capital, doubling the company's valuation to $4 billion and keeping the agent technology under domestic control rather than letting it move to a US buyer.

Why now: The blocked Meta deal and rapid domestic rescue funding highlight intensifying US-China competition over strategic AI technology.

ManusMetaBoyu CapitalIDG CapitalBeijing

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Evidence

• Beijing blocked Meta's $2B acquisition of AI agent startup Manus in April, but Chinese VCs just stepped in to double its valuation to $4B instead. A massive $500M round led by Boyu and IDG keeps this critical agent tech under domestic control. Now, the parent company is… · asiaai

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