China Curbs US Investment In Tech Companies After Meta Acquisition Of Manus
Following earlier news that China has blacklisted 7 EU defense and aerospace firms over their dealings with Taiwan, Bloomberg reports that China plans to restrict top technology firms, including leading AI startups, from accepting US capital without government approval. Chinese regulators, including the National Development and Reform Commission, have recently instructed several private technology firms to reject U.S. investment in funding rounds unless explicitly approved, the report said. The commission – a powerful state planning agency with broad policy-making powers – is now heading a multi-agency probe that includes the Ministry of Commerce into the deal and its repercussions, the people said. AI startups Moonshot AI and StepFun were among the companies that received the guidance, the report said, adding that TikTok owner ByteDance has also been told it should not allow secondary share sales to US investors without clearance. The measures are aimed at preventing US investors from gaining stakes in sensitive technologies linked to China’s national security. The heightened scrutiny follows Meta’s more than $2 billion acquisition of AI startup Manus in 2025, which triggered investigations into foreign …




