Chinese authorities prohibit the Manus acquisition case: Sending a signal that transactions in important areas must comply with regulations.

Industry lawyers told reporters that the Manus acquisition case involved transferring domestic AI business assets overseas and ultimately selling them to the overseas company Meta. According to the "Measures for the Security Review of Foreign Investment", even if the previous outward migration occurred between affiliated entities controlled by the founder, the subsequent transaction will still be included in the scope of foreign investment security review. Additionally, Manus relocated its headquarters to Singapore while its core business was still in China. Following this, the company gradually transferred key assets such as key personnel and technology related to its core business overseas, while the domestic Manus company was gradually separated from the core business, retaining only the stock operation of non-core business. The entire operation ultimately achieved the complete transfer of Manus' core business from China to overseas. Lawyers stated that any attempt to evade regulation through structural design is non-compliant, and compliance is the lifeline of a company. Shen Ziying, senior partner at Beijing Jincheng Tongda Law Firm, said this sends a signal, indicating where the government's regulatory red line lies. National security review regulations follow the principle of substance over form, so I think this has drawn a red line.