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China says it supports law-abiding transnational deals after reports of Meta deal review
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BEIJING, April 2 (Reuters) – The Chinese government supports companies with transnational operations and technology cooperation deals according to needs and the law, commerce ministry spokesperson He Yadong said on Thursday.
He’s remarks were in response to a question on what measures China would take regarding Meta’s (META.O), opens new tab acquisition of Chinese artificial intelligence startup Manus.
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China has barred two co-founders of Manus from leaving the country as regulators review whether Meta’s $2 billion purchase of the firm violated investment rules, the Financial Times reported in March.
Reporting by Joe Cash and Beijing newsroom; Editing by Christopher Cushing
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