China’s Manus raises over $500M in first funding round since split with Meta
Boyu Capital and IDG Capital led the funding round, and existing shareholders Tencent, HSG (formerly known as Sequoia China), ZhenFund, and others also participated.
Boyu Capital and IDG Capital led the funding round, and existing shareholders Tencent, HSG (formerly known as Sequoia China), ZhenFund, and others also participated.
Manus, which earlier this year had to break off a merger with Meta, is in discussions to raise $500M at a $4B valuation.
Meta starts dismantling its $2 billion Manus acquisition after Beijing ordered the deal reversed.
China has ordered Meta to unwind its multibillion-dollar Manus acquisition, dealing a potential setback to Zuckerberg’s push into AI agents.
Did anyone think there would not be a reckoning over this tie-up?
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Chinese officials are reportedly reviewing whether the Meta deal violates technology export controls, potentially giving Beijing leverage it wasn’t initially perceived as having.
Manus, the once-buzzy AI agent platform, on Tuesday launched a plan aimed at small businesses and organizations. The plan, dubbed Manus Team, starts at $39 per seat per month with a five-seat minimum, totaling $195…