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moves money Tech-Economic Times July 10, 2026

ETtech Explainer: How the Meta-Manus deal came apart, and Tencent moved in

ETtech Explainer: How the Meta-Manus deal came apart, and Tencent moved in
AI Summary

Chinese regulators ordered Meta to reverse its $2 billion acquisition of the company. Tencent is working with Manus' early investors, including ZhenFund and HSG, to buy the company back from Meta for at least $2 billion.

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