""If Manus had remained a Chinese company, its core product would have disappeared," said Chris McGuire, a former national security official with the Biden administration who designed US restrictions on tech exports and investments relating to China."
""The unwinding of the deal would also represent a setback to Meta's pivot to AI, which comes after the US tech company spent $80 billion over half a decade in an attempt to make the metaverse catch on with consumers.""
""The apparent failure in this case of the 'Singapore-washing' model, frequently used by Chinese tech founders attempting to reestablish their company outside of China, suggests that founders will need to think about setting up shop outside China from 'day one.'""
Manus founders relocated their team to Meta's Singapore office and severed ties with China before the acquisition. The Chinese government's decision to block the deal creates uncertainty for Manus and Meta's AI ambitions. Manus may struggle to deploy its AI services due to restrictions on sales to China. The failed acquisition represents a setback for Meta's AI pivot after significant investments in the metaverse. The situation highlights the difficulties for Chinese tech founders transitioning to the US market, suggesting a need for early establishment outside China.
Read at Ars Technica
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